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August 17, 2009 at 08:00 PM
Van Eck became the latest firm to offer a country specific ETF with the August 14 launch of its Market Vectors Vietnam ETF (NYSE Arca: VNM). There are about 40 country -specific ETFs available in the U.S. with many of them focusing on Asian economies, including, according to Standard & Poor’s, 10 tracking Japanese stocks and six focused on China.
Vietnam seems a likely candidate to join the group. It has a well-educated population of 90 million, nearly half of whom are under 25, and is poised for strong economic growth. According to Van Eck it also offers a lower cost structure than some of its neighbors making it attractive to foreign investors.
