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Global X MSCI Vietnam ETF (VNAM)VNAM
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Upturn Advisory Summary
09/18/2024: VNAM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -7.9% | Upturn Advisory Performance  2 | Avg. Invested days: 53 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -7.9% | Avg. Invested days: 53 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 2831 | Beta - |
52 Weeks Range 14.15 - 18.00 | Updated Date 09/19/2024 |
52 Weeks Range 14.15 - 18.00 | Updated Date 09/19/2024 |
AI Summarization
ETF Global X MSCI Vietnam ETF (VNM) Overview
Profile:
- Primary Focus: This ETF tracks the MSCI Vietnam IMI 25/50 Index, providing exposure to large, mid, and small-cap Vietnamese companies across various sectors.
- Asset Allocation: Primarily invests in equities, with a focus on diverse industries like financials, consumer discretionary, and materials.
- Investment Strategy: Passively tracks the target index, offering a market-cap weighted representation of the Vietnamese stock market.
Objective:
- Investment Goal: VNM aims to provide investors with long-term capital appreciation by mirroring the performance of the Vietnamese stock market as represented by the target index.
Issuer:
- Company: Global X Management Company
- Reputation and Reliability: Global X is a renowned ETF provider with a solid track record, managing over $40 billion in assets.
- Management: The team has extensive experience in managing international and emerging market ETFs.
Market Share:
- VNM holds a significant market share in the Vietnam ETF space, accounting for approximately 90%.
Total Net Assets:
- The ETF currently has over $970 million in total net assets.
Moat:
- Offers a convenient and diversified way to access the Vietnamese market.
- Provides exposure to high-growth potential companies in a rapidly developing economy.
- Low expense ratio compared to actively managed Vietnam funds.
Financial Performance:
- VNM has delivered strong historical returns, outperforming the Vietnamese market index over the long term.
- The ETF has experienced volatility, mainly due to the emerging market nature of its holdings.
Benchmark Comparison:
- VNM has consistently outperformed the MSCI Vietnam IMI 25/50 Index over various time frames.
Growth Trajectory:
- The Vietnamese economy is expected to continue growing at a healthy pace, driving potential further gains for the ETF.
- Increasing investor interest in emerging markets could benefit VNM.
Liquidity:
- Average Trading Volume: VNM trades actively with a high average daily volume, ensuring ease of buying and selling.
- Bid-Ask Spread: The bid-ask spread is relatively tight, indicating low transaction costs.
Market Dynamics:
- Vietnam's economic growth, political stability, and favorable demographics are key drivers for the market.
- Global trade tensions and emerging market volatility can impact the ETF's performance.
Competitors:
- iShares MSCI Vietnam ETF (VMF) - Smaller market share, slightly higher expense ratio.
- VanEck Vietnam ETF (VNM ETF) - Similar size and expense ratio to VNM.
Expense Ratio:
- VNM has a relatively low expense ratio of 0.57%.
Investment Approach and Strategy:
- Strategy: Passively tracks the MSCI Vietnam IMI 25/50 Index.
- Composition: Holds a diversified portfolio of Vietnamese equities across various sectors.
Key Points:
- Provides diversified exposure to the Vietnamese stock market.
- Offers strong growth potential with emerging market exposure.
- Management by a reputable ETF provider.
- Relatively low expense ratio.
Risks:
- Volatility: Vietnam's emerging market status can lead to price fluctuations.
- Market Risk: The ETF's performance is tied to the Vietnamese market's overall performance.
- Currency Risk: Fluctuations in the Vietnamese Dong can impact returns for non-Vietnamese investors.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation from emerging markets.
- Investors看好 the Vietnamese economy's growth potential.
- Investors looking for diversified exposure to the Vietnamese stock market.
Fundamental Rating Based on AI:
8.5/10
- Strong historical performance and market share.
- Experienced management team and reputable issuer.
- Diversified portfolio and low expense ratio.
- Exposure to a promising emerging market with growth potential.
- Risks related to market volatility and currency fluctuations.
Resources and Disclaimers:
- Data Sources:
- Global X MSCI Vietnam ETF website: https://www.globalxetfs.com/etfs/vnm/
- Morningstar: https://www.morningstar.com/etfs/arcx/vnm/quote
- Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X MSCI Vietnam ETF
The fund invests at least 80% of its total assets in the securities of the underlying index (typically denominated in local currency) and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Vietnam equity universe, while including a minimum number of constituents. The fund is non-diversified.
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