|Bid||16.09 x 1000|
|Ask||16.11 x 800|
|Day's Range||16.07 - 16.15|
|52 Week Range||14.37 - 17.20|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.88|
|Expense Ratio (net)||0.68%|
The Next 11 or N-11–sounds like a science fiction movie sequel or a bigger-than-necessary boy band, but in fact, it represents the next 11 emerging economies dubbed by global investment firm Goldman Sachs. ...
While emerging markets (EM) started 2019 on the upside following a tumultuous showing in 2018, the U.S.-China trade war tamped down gains, but that doesn’t mean all EM equities are suffering. One exchange-traded fund (ETF) investors should consider as the trade war makes the EM space more challenging is the VanEck Vectors Vietnam ETF (VNM) . VNM seeks to replicate as closely as possible the price and yield performance of the MVIS® Vietnam Index.
Investors looking to hedge against, or make money from, the ongoing U.S.-China trade war can pick from a range of exchange-traded funds. Here are some suggestions from two ETF industry veterans.
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.
Most investors within North America prefer to invest in domestic equities. These charts suggest now could be the time to look to the frontier markets.
The VanEck Vectors V ietnam ETF (VNM) , the lone US-listed exchange traded fund dedicated to Vietnamese stocks, offers exposure to a fast-growing market, but with some of the usual risks associated with investing in frontier or emerging markets. VNM, which debuted in August 2009, follows the MVIS Vietnam Index. Favorable demographics and a booming economy are among the fundamental factors underpinning the Vietnam investment thesis.
Among exchange traded funds tracking equities in developing economies, the VanEck Vectors Vietnam ETF (NYSE: VNM) has been a steady hand. For now, Vietnam is classified as a frontier market, and on that basis, VNM is lagging the MSCI Frontier Markets 100 Index, but that's not the fund's biggest issue. The health of Vietnamese banks, an often raised point over VNM's almost 10 years on the market, is again being discussed.
By now you will be aware that the U.S. has a serious trade war going on with China and it may continue for some time, with major implications for the economies of both countries and for world trade, observes Glenn Rogers, contributing editor to Internet Wealth Builder.
Editor's note: This story was previously published in March 2019. It has since been updated and republished.Will it, or won't it? Will the war of tariffs being waged between the United States and China finally come to a close with an amicable solution?Still, it's not a stretch to suspect whatever resolution is in the works will wind things back to the way they were early in the Trump Presidency. That means whichever stocks suffered because of stymied trade should find relief, while those names that were boosted by tough tariffs may also bump into a new headwind.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Big Dividend Stocks to Buy as Yields Plunge There's also a good-sized group of stocks that may peel back in response to encouraging headlines about tariffs due to the oft-seen "sell the news" effect.To that end, here's a rundown of the top nine trade war stocks to sell now that it looks like the trade war is near an end. Tesla (TSLA)Source: Shutterstock It was already fighting a losing battle, to be clear. The unveiling of an actual $35,000 version of the Model 3 had already sent Tesla (NASDAQ:TSLA) to multi-week lows, once investors realized the cost-cutting lengths to which the company had to go to in order to manufacture a car that cheap. But, an end to the tariff tiff could make matters even worse for TSLA stock.It seems counterintuitive. CEO Elon Musk already mentioned plans to make Model 3 cars in the United States to ship to China. The removal of the tariff on them would make them easier to sell there … at least until its Model 3 production line in China is activated later this year.That's not the concern, however. Although it could take years if not months to be noticed, the free flow of components and competing cars from domestic as well as foreign EV makers will only bolster electric competition for Tesla in the United States. Even the newest Chinese EV darling Nio (NYSE:NIO) says its long-term goal is to deliver automobiles to the U.S., while China's Kandi has already received permission to do so. Amazon.com (AMZN)Source: Shutterstock It's another counterintuitive idea. Amazon (NASDAQ:AMZN), which often offers its merchandise at the lowest retail cost in North America, relies on low-cost, Chinese-made goods to sell. The evaporation of import tariffs will allow it to continue selling bargain-priced merchandise.At another time and in another scenario, an end to a trade war might be bullish for AMZN stock for that reason. Right now, however, it could prove problematic. * 7 Stocks to Buy for Monster Growth Brick-and-mortar rival Walmart (NYSE:WMT) has finally figured out a formula to compete with Amazon online. Last quarter's e-commerce sales were up 37%, extending a solid streak of big double-digit growth.With the same access to the same tariff-free goods, lower-cost merchandise would actually serve Walmart more than it would Amazon.com right now. VanEck Vectors Vietnam ETF (VNM)Source: Shutterstock It went largely unnoticed, while investors were jockeying to figure out which stocks affected by trade war rhetoric would be hit the hardest, but what proved to be trouble for China also ended up being a boon for other U.S. trade partners.Chief among those beneficiaries was Vietnam. While factories slowed if not outright shuttered in China, Vietnam's GDP improved by 7.1% last year -- the best year since 2007 -- as its manufacturing machine picked up the pace.Surprisingly, that economic growth hasn't proven particularly bullish for the VanEck Vectors Vietnam ETF (NYSEARCA:VNM). Despite the backdrop, investors have been concerned about the ripple effect of China's slowing economy. Nevertheless, a revving of China's economic engine would cast a bearish shadow on Vietnam's nascent growth. Micron Technology (MU)Source: Shutterstock Micron Technology (NASDAQ:MU) and its computer-memory making peers have been facing headwinds much bigger than a trade war. It, along with SK Hynix and Samsung Electronics (OTCMKTS:SSNLF), have been dealing with a supply glut that has gouged the price of the RAM/DRAM memory chips needed to make your electronic devices work. * 7 Safe Stocks to Buy for Anxious Investors And yet, in most regards, Micron is still one of the most noteworthy trade war stocks investors are watching. Not only does half of its revenue come from Chinese buyers in need of its tech, but the company also claims China has been stealing trade secrets and intellectual property, putting Micron at a disadvantage.While at least some of the political pushback has been rooted in IP theft, of the scant details heard thus far about the discussions between President Trump and Chinese leader Xi Jinping don't appear to address much in the way of patents and the protection of technological know-how. Boyd Gaming (BYD)Source: Ace Via on FlickrIt's one of several trade war stocks that's benefitted more from psychology than demonstrable business growth (although the stock's still been a relatively disappointing performer). But, to the extent Boyd Gaming (NYSE:BYD) was boosted by the advent of the trade war, the end of the tariff spot could take the wind out of itself.The underpinning of the theory has everything to do with Macau … China's gambling enclave where U.S.-based gambling giants like Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) have a presence, and where Boyd doesn't.It matters. Although the actual impact on gaming was unclear, the premise likely cast a favorable light on BYD, while working against Macau-exposed players. Should the political tensions end, a reversal of that mindset could push outfits like Wynn and Las Vegas Sands back in favor, at the expense of Boyd. Nokia (NOK)Source: Shutterstock It's a misnomer to think all smartphones, and smartphone tech, is ultimately made in China. Nokia (NYSE:NOK) is based in Finland, out of the trade war's theater, and circumventing the targeting of China's Huwaei and ZTE. Tariffs made Nokia's phones price-competitive in the U.S. again.The matter goes well beyond phones though and extends into the infrastructure that will eventually power 5G connectivity. The U.S. government is wary of relying on any Chinese telecom tech, for security reasons. And, as Jim Cramer asked so bluntly, "If you're a telco carrier and warned off of Huawei and ZTE, where are you going to go buy your 5G technology?" * 7 Stocks to Buy for Over 20% Upside Potential The answer -- at least one of them -- was Nokia. Indeed, NOK stock has been an impressive performer for months now for this very reason.If any deal between China and the U.S. is relatively lenient on China's telecom technology powerhouses though, Nokia could wind up in the same backseat it was in just a year ago. Archer Daniels Midland (ADM)Source: GothamNurse Via FlickrThe advent of the tariff war has proven anything but bullish for shares of Archer Daniels Midland (NYSE:ADM), but not because it has created a headwind. Indeed, Archer's second-quarter operating profit last year more than tripled year-over-year, and the company topped estimates for its third quarter as well."In this environment, Archer has done a better job of executing," explained Morningstar analyst Seth Goldstein following its third-quarter report, tacitly acknowledging that ADM has the scale and reach to drive profits that small independent players don't.The company's consistent success hasn't helped the stock much. It's down nearly 5% so far this year. An end to the trade war, however, could still be interpreted as problematic given that much of last year's pricing power was also rooted in poor crop output in South America.In the meantime, nearly a year removed from the start of the tit-for-tat tariffs, the marketplace has likely found ways around Archer Daniels Midland's firm pricing. CSX (CSX)Source: Don O'Brien via FlickrRailroad name CSX (NASDAQ:CSX) is another one of the trade war stocks that has been tough to pin down. On the one hand, more self-reliance on domestic production of commodities drives demand for coast-to-coast shipping. On the other hand, much of the shipping of goods within the United States was of goods delivered from China.So far the impact of the trade war appears to be net-neutral, in terms of demand for freight services. * 7 High-Yield REITs to Buy (Even When the Market Tanks) But, with the stock up 23% this year thanks to perceived demand growth -- it's mostly higher shipping prices driving rail delivery revenue higher -- the routing of more commodity purchases through maritime ports would easily lead investors to doubt the continued strength of CSX stock. Dollar General (DG)Source: Shutterstock Finally, add Dollar General (NYSE:DG) to your list of trade war stocks to sell that could be upended by an apparent end to the bickering.It's a scenario not unlike the one CSX stock is in. That is, psychology more than any other factor has driven DG stock higher to the tune of 41% over the course of the past twelve months, largely because the retailer was touted as a means of sidestepping the impact of the trade war. Not only is 100% of its revenue generated in the U.S., but it benefits from any price hikes bigger rival Walmart is forced to impose.All those tailwinds will abate, however, if tariffs are wiped away … or even just dialed back.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Big Data Stocks That Deserve a Closer Look * 7 Best Energy Funds to Outperform the Market * 5 Blue-Chip Stocks Ready to Rise Compare Brokers The post 9 Trade War Stocks to Sell on U.S.-China Deal News appeared first on InvestorPlace.
The VanEck Vectors V ietnam ETF (VNM) , the lone US-listed exchange traded fund dedicated to Vietnamese stocks, is the prime avenue for accessing one of Southeast Asia's fastest growing economies and data indicate the Vietnamese economy is indeed growing. VNM, which debuted in August 2009, follows the MVIS Vietnam Index. “Vietnam’s economy could be bigger than Singapore’s by 2029, says DBS Bank Ltd.,” reports Bloomberg.
Is Vietnam Already Benefiting from the Trade War?Trump’s tweet on VietnamOn May 13, President Trump published a tweet that said, “Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia.”The fact that
VNM, which debuted in August 2009, follows the MVIS Vietnam Index. Fitch Ratings recently boosted its outlook on Vietnam's credit rating to Positive from Stable while reiterating a BB rating. Vietnam is angling for a promotion to emerging markets status.
With international trade tensions running higher, Vietnamese equities are getting caught in the downdraft. The VanEck Vectors Vietnam ETF (NYSE: VNM ), the lone Vietnam exchange traded fund listed in the ...
* Vietnam posts best session in about 6 weeks * Malaysia ends at 2-week high on bargain buying By Ambar Warrick April 24 (Reuters) - Most Southeast Asian stock markets ended higher on Wednesday, led by ...
Patient, long-term investors may be able to realize even larger gains in the Vietnam ETF. VNM, which debuted in August 2009, follows the MVIS Vietnam Index. Vietnam is angling for a promotion to emerging markets status.