|Bid||29.01 x 1000|
|Ask||29.02 x 900|
|Day's Range||29.01 - 29.22|
|52 Week Range||27.68 - 31.35|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-1.63%|
|Beta (5Y Monthly)||0.61|
|Expense Ratio (net)||0.79%|
VNM's decent though not spectacular performance this year could, in the future, be boosted by Vietnam's long-running quest to shed its frontier market status and become an emerging market, meaning it would be eligible for inclusion in the widely followed MSCI Emerging Markets Index. When it comes to VNM and Vietnam, there are some fun, but important facts to consider. The equity market there is small as highlighted by VNM's roster of just 27 stocks.
The iShares MSCI Frontier 100 ETF (FM) is up more than 16% year-to-date and is outperforming broader emerging markets exchange traded funds. FM could keep moving higher, particularly is the U.S. dollar weakens and the Federal Reserve lowers interest rates. Frontier markets include those less advanced capital markets from the developing world with an investable stock market that is less established than those in the emerging markets.
Vietnam has undergone dramatic shifts in recent decades, as the country evolves from a command economy to a market economy. Now, investors are looking toward this emerging market as an area of potential investment, particularly as Vietnamese exports begin to figure into the global economy.