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.
It’s been awhile since I’ve published a revised list of the most liquid 3x leveraged etf shorts. These are inverse ETFs that allow you to short a particular segment of the market without having to borrow shares from a broker. Both Direxion and ProShares now offer these highly leveraged ETFs with ProShares launching their S&P500 short ETF a few days ago.
Here’s the list in order of most liquid:
Financial Bear (FAZ) 268 million shares Large Cap Bear (BGZ) 10 million shares Small Cap Bear (TZA) 10 million shares Energy Bear (ERY) 2 million shares Emerging Markets Bear (EDZ) 564K shares Technology Bear (TYP) 312K shares UltraPro Short S&P500 3x Short (SPXU) 96K shares 30 Yr Treasury Bear (TMV) 66K shares Mid Cap Bear (MWN) 38K shares Developed Markets Bear (DPK) 20K shares 10 Yr Treasury Bear (TYO) 6K shares