Van Eck Associates has just launched the Market Vectors Vietnam ETF (VNM).
The fund is benchmarked to the Market Vectors Vietnam Index, which is comprised of 28 stocks in 8 different sectors. Industry sectors with the largest representation inside VNM include financials (37 percent), energy (19 percent) and basic materials (12 percent).
Currently, approximately 70 percent of the market capitalization of the Vietnam Index is composed of securities of companies domiciled and primarily listed on an exchange in Vietnam and which generate at least 50 percent of revenues from Vietnam. This percentage is expected to increase in the future.