Picking bottoms is not my specialty. The pooh has been kicked out of VNM this year. With all of the uncertainty in world markets, at dollar cost avg. entry into VNM has never looked better. On the 23rd x-date, VNM awards shareholders a .209 div'd. Not a bad christmas coupon. With an prospering middle class and a lower cost basis mfg. work force, VNM should outpace most emerging markets. Thai flooding, Japanese Tsunami,and other asian setbacks have made Viet Nam an interesting alternative for investment.
i'm buying at these levels too... i figure at some point within the next five years it'll look like a genius move... at the same time, volatility in an etf like this could produce 30% + downdrafts in the twinkle of an eye, so i also think its prudent to scale in over time... gl
Shanghai, I'm with you. I bought this morning at 15.03. I hope we can hold support above $15?. Part of the drop reflects todays distribution of .20 We are very oversold in my opinion. 60% of this ETF is vested in the top 10 holdings which include some excellent oil and gas companies like Talisman. IMO this dog of the ETF's in 2011 will prove to be a much better performer in 2012.