the ho chi minh index has been down hence the vnm will also be down. what is worriesome is that the ho chi minh index was up last evening but yet the vnm is down today. it will interesting to see what happens tonite/tomorrow.
yeah... i put this in my mental "l-t portfolio" in order to avoid to much heartbreak... may take a few years for this thesis to work out... in the meantime, i just average in from time to time... big "risk off" attitude gripping the emerging markets at present time... gl!
At some point you have to look at Van Eck Global the mgr. of the Market Vectors ETF's,. IMO Van Eck is seeing reaction by investors who are voting with their feet. Van Eck published the x-date distribution for VNM as .209 and then does .16? Some of this selloff is tax loss year end cleanup, but I suspect Van Eck is the lousy culprit with lousy fund managers. Even their flagship Gold fund GDX is negative this year.