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August 25, 2009 at 08:00 PM
Market Vectors Vietnam ETF (NYSE:VNM), a new fund offered by Van Eck Global, gives investors the opportunity to explore one of the world’s youngest and most dynamic economies by investing in the U.S.-based ETF. The fund strives to mimic the performance of the Market Vectors Vietnam Index (MVVNM), which is “calculated and maintained by Standard & Poor’s on behalf of 4asset-management GmbH,” a Frankfurt-based asset management firm, according to an August 14th announcement from Van Eck.
Having spent two months in the county in late 2007, this reporter can attest that the focus of Vietnam’s populous youth is geared towards growth. Estimates place half of Vietnam’s population of 90 million at under 25 years of age, according to the release, making the prospect of growth a factor when considering potential investment in the country.
