I’ve been wondering when a Vietnam ETF would launch and today it’s happened. Van Eck Global has released the Market Vectors Vietnam ETF (ticker: VNM) which began trading on the NYSE Arca. The country’s benchmark index comprised of 162 companies on the Ho Chi Minh City Stock Exchanged is up 61% YTD and weighted more towards financials, energy and materials. The companies generate at least 50% of their revenue within Vietnam.
Here’s a quote from Van Eck:
“Vietnam is one of the world’s most populous nations, and its well-educated, young population — nearly half of the country’s 90 million residents are under the age of 25 — provides strong underpinnings for local economic growth.” The country’s GDP is expected to grow about 5% this year. Outstanding in this economy.
Tags: market vectors
, van eck
, vietnam etf
The ProShares and Direxion leveraged ETFâ€™s have been extremely popular so it comes as no surprise they continue to launch new leveraged funds. Yesterday, ProShares added 4 new leveraged international ETFs that seek to capture 2x the daily performance of the underlying benchmarks. Here are the funds:
- ProShares Ultra MSCI EAFE (NYSE Arca: EFO)
- ProShares Ultra MSCI Emerging Markets (NYSE Arca: EET)
- ProShares Ultra FTSE/Xinhua China 25 (NYSE Arca: XPP)
- ProShares Ultra MSCI Japan (NYSE Arca: EZJ)
Does the launch of these 4 funds indicate a top approaching in international and emerging market ETFs. Perhaps, but I wouldnâ€™t make large bets on that just yet. Most markets remains in strong up trends. Iâ€™d expect these ETFâ€™s to be just as popular as the inverse versions were, Iâ€™m just wondering why they didnâ€™t launch them in pairs at the same time. The inverse counterparts of the above ETFâ€™s have been around for nearly two years. Here are the inverse versions:
- ProShares UltraShort MSCI EAFE (NYSE Arca: EFU)
- ProShares UltraShort MSCI Emerging Markets (NYSE Arca: EEV)
- ProShares UltraShort FTSE/Xinhua China 25 (NYSE Arca: FXP)
- ProShares Ultra MSCI Japan (NYSE Arca: EWV)
- What interests me more will be these inverse ETFâ€™s once the markets go into rally correction mode. They have been slaughtered and once they break their downtrends, should provide big profits.