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The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes securities of Vietnamese companies. A company is generally considered to be a Vietnamese company if it is incorporated in Vietnam. It is non-diversified.
Is VNM's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
VanEck Vietnam ETF (VNM) offers exposure to Vietnam's long-term growth but faces sector and macro headwinds limiting near-term upside. VNM is heavily concentrated in real estate and financials, amplifying risk from sector shocks and interest rate volatility. Valuation is fair at ~15x PE, but performance lags regional peers, with higher costs and limited excitement for emerging market investors.
Foreign investors continued pulling money from Asian equities in July, but the headline outflow masks a striking shift underneath: capital moved away from the region's biggest AI winners while selectively returning to markets with less dependence on the semiconductor boom. Investors sold a net $25.48 billion of shares across seven major Asian markets during the month, extending the region's foreign-selling streak to nine months.
Asian currencies consolidated against the dollar before first decision by a FOMC led by Chairman Kevin Warsh later.
VanEck Vietnam ETF which covers 58 Vietnamese incorporated stocks, the bulk of which are mid-caps, is down by -7% YTD and is underperforming other EMs and global markets. FTSE Russell's EM reclassification, which goes live in a phased manner from Sep 21st, should prompt higher foreign institutional interest. However, the overall macro position has taken a turn for the worse, and this could also cap interest in the intermediate term.
A heatwave gripping Vietnam has already placed immense pressure on the national power grid, the country's industry ministry said, adding the problem could get worse as the El Nino weather pattern is forecast to return from July.