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VNAM

MSCI Vietnam ETF

 

Reasons to Consider VNAM

Long-Term Growth Potential

Vietnam's GDP increased more than 5% in 2023 and is expected to grow at an even faster rate in 2024. From 2025-2028, forecasts call for annual growth of 6.5%.1

Targeted Exposure

The ETF targets exposure to a single country.

Low Cost Access

VNAM delivers efficient access to a broad basket of Vietnamese securities at the lowest cost in the market.2

1Statista, May 2024
2Bloomberg as of February 26, 2025 amongst US-listed funds with a geographic focus on Vietnam.

Key Information As of 04/09/25

Inception Date 12/07/21
Total Expense Ratio 0.51%
Net Assets $8.90 million
NAV $13.09
Fact Sheet View the document

ETF Summary

The Global X MSCI Vietnam ETF (VNAM) invests across the large and mid cap segments of the Vietnam market.

ETF Objective

The Global X MSCI Vietnam ETF (VNAM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Vietnam Select 25-50 Index.

Trading Details As of 04/09/25

Ticker VNAM
Bloomberg Index Ticker MXVNAMN
CUSIP 37960A883
ISIN US37960A8835
Primary Exchange NYSE Arca
Shares Outstanding 680,000
Number of Holdings 63
30-Day Median Bid-Ask Spread 0.68%

Distributions As of 04/09/25

30-Day SEC Yield 2.07%
Distribution Frequency Semi-Annually

ETF Prices As of 04/09/25

NAV $13.09 Daily Change -$0.58 -4.24%
Market Price $14.59 Daily Change $1.72 13.36%

Performance History

As of recent month & quarter-end (03/31/25)
As of recent month & quarter-end (03/31/25)
Fund NAV Market Price Index
1 Year -9.10% -9.41% -7.87%
3 Years -13.33% -12.89% -12.62%
Since Inception -12.50% -12.55% -11.81%
1 Year -9.10% -9.41% -7.87%
3 Years -13.33% -12.89% -12.62%
Since Inception -12.50% -12.55% -11.81%
Year-to-Date 4.97% 5.81% 5.17%
1 Month 2.16% 2.36% 2.25%
3 Months 4.97% 5.81% 5.17%
Since Inception -35.77% -35.89% -34.07%
Year-to-Date 4.97% 5.81% 5.17%
1 Month 2.16% 2.36% 2.25%
3 Months 4.97% 5.81% 5.17%
Since Inception -35.77% -35.89% -34.07%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 04/09/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.70 HPG VN HOA PHAT GROUP JSC B29CC15 0.82 1,058,314 864,012.58
9.50 VIC VN VINGROUP JSC B27Y417 2.18 387,300 846,151.78
7.24 VHM VN VINHOMES JSC BFZBXH0 1.86 346,700 644,497.89
6.37 VCB VN BANK FOR FOREIGN B622TR5 2.01 282,045 567,549.35
5.53 VNM VN VIET NAM DAIRY P B16GLK5 1.99 247,000 492,295.90
5.15 MSN VN MASAN GROUP CORP B59R0P1 1.93 237,920 458,695.90
3.80 SSI VN SSI SECURITIES CORP B1LB8G0 0.79 428,385 338,241.89
2.76 VPB VN VIETNAM PROSPERI BF47045 0.61 401,700 245,577.42
2.44 VRE VN VINCOM RETAIL JSC BZ0WW59 0.69 314,300 216,841.70
2.10 VND VN VNDIRECT SECURITIES CORP B4XXQS3 0.48 385,250 186,792.35
1.99 VIX VN VIX SECURITIES JSC B5N90B9 0.40 442,895 177,395.66
1.98 DGC VN DUC GIANG CHEMICALS JSC BP0RTK8 2.80 62,780 175,899.50
1.94 SHB VN SHB BANK B3V86Y9 0.42 411,528 172,718.73
1.87 VJC VN VIETJET AVIATION JSC BYP2451 3.03 54,800 166,143.35
1.78 KDH VN KHANG DIEN HOUSE B3M16J2 0.93 170,609 158,576.78
1.67 VCI VN VIETCAP SECURITIES JSC BYVTMH4 1.23 121,182 148,864.82
1.36 STB VN SACOMBANK B19HJ45 1.27 95,400 121,032.58
1.30 BID VN BANK FOR INVESTM BJ4WY68 1.24 93,083 115,773.99
1.28 GEX VN GELEX GROUP JSC BYV0WY4 0.78 144,900 113,576.27
1.27 EIB VN VIETNAM EXPORT-I B58P9L5 0.60 188,547 112,737.95
1.21 KBC VN KINH BAC CITY DE B2B3VJ7 0.85 126,900 107,736.11
1.13 KDC VN KIDO GROUP CORP B16GKS6 2.06 48,873 100,780.66
1.12 NVL VN NOVALAND INVESTMENT GROUP BYZCMP7 0.31 322,291 100,059.68
1.05 CTG VN VIETNAM JS COMM B3PL622 1.30 72,389 93,781.07
1.04 VPI VN VAN PHU - INVEST BF2RZ53 2.11 44,064 92,890.76
0.98 FRT VN FPT DIGITAL RETAIL JSC BFM5DX1 4.76 18,380 87,426.52
0.90 NAB VN NAM A COMMERCIAL JSB BKSB0V5 0.60 133,800 80,003.07
0.89 SIP VN SAIGON VRG INVESTMENT COR BKBDP80 2.47 31,995 79,098.41
0.86 PDR VN PHAT DAT REAL ES B4V9BD3 0.58 132,513 76,440.04
0.84 POW VN PETROVIETNAM POWER CORP BFX2T66 0.38 197,400 75,131.54
0.82 SAB VN SAIGON BEER ALCO BDSFBV5 1.69 43,200 73,021.08
0.81 IDC VN IDICO CORP JSC BFMT742 1.31 54,540 71,702.64
0.78 DXG VN DAT XANH GROUP B56QVW5 0.47 147,129 69,363.23
0.78 SBT VN THANH THANH CONG B2PXTH7 0.56 123,458 69,323.87
0.77 VCG VN VIETNAM CONSTRUC B3D0PX5 0.70 98,857 68,961.19
0.74 HAG VN HAGL JSC B3KLW63 0.38 174,700 65,688.27
0.73 PVS VN PETROVIETNAM TEC B2QMMQ3 0.82 79,000 64,798.77
0.71 TCH VN HOANG HUY INVEST BYQ4467 0.55 114,816 63,151.00
0.69 HUT VN TASCO JSC B2QXYW6 0.51 120,300 61,786.89
0.69 VHC VN VINH HOAN CORP B2N7VQ4 1.81 34,080 61,654.89
0.68 FTS VN FPT SECURITIES JSC BZ6T4X6 1.46 41,280 60,282.41
0.68 SHS VN SAIGON - HANOI SECURITIES B5ZWC43 0.45 134,275 60,215.31
0.66 PVD VN PETROVIETNAM DRI B1HMTK8 0.64 91,852 58,617.70
0.65 DIG VN DEVELOPMENT INVE B3XZ1Y3 0.57 100,680 57,691.30
0.59 HSG VN HOA SEN GROUP B3FQWF2 0.51 102,530 52,070.62
0.55 DPM VN PETROVIETNAM FER B291F68 1.07 46,100 49,209.85
0.54 BWE VN BINH DUONG WATER BF1Y1F7 1.62 29,700 48,209.85
0.52 GAS VN PETROVIETNAM GAS JSC B83C9P6 1.95 23,844 46,426.80
0.52 DBC VN DABACO CORP B2QF637 0.84 55,000 46,272.52
0.49 DCM VN PETRO CA MAU FER BWG92M0 0.97 44,700 43,175.16
0.48 KOS VN KOSY JSC BFF5BT0 1.48 29,100 43,053.28
0.48 HDG VN HA DO JSC B3PKX17 0.76 56,501 42,662.69
0.48 PC1 VN PC1 GROUP JSC BYX2RS7 0.71 60,238 42,598.36
0.47 BMP VN BINH MINH PLASTICS JSC B1CBVC6 4.37 9,600 41,983.90
0.47 PVT VN PETROVIET TRANSP B1LB990 0.71 58,750 41,883.86
0.45 DGW VN DIGIWORLD CORP BZ03995 1.10 36,186 39,875.34
0.45 VTP VN VIETTEL POST JSC BG5QPH6 3.86 10,300 39,755.08
0.43 SJS VN SONGDA URBAN & I B1CBVZ9 3.08 12,300 37,904.18
0.39 CEO VN CEO GROUP JSC BN5RL69 0.39 88,570 34,966.31
0.37 NKG VN NAM KIM STEEL JSC B3WZ5F3 0.44 75,280 33,037.79
0.37 CTR VN VIETTEL CONSTRUC BD3FKG8 2.83 11,600 32,857.03
0.35 CMG VN CMC CORP B3M2J30 1.11 28,500 31,514.95
0.29 PLX VN VIETNAM NATIONAL BYQH5X0 1.19 21,700 25,742.24
0.06 OTHER PAYABLE & RECEIVABLES 1.00 5,453 5,452.57
0.03 CASH 1.00 2,288 2,287.58
0.00 VIETNAMESE DONG 0.00 1,844,003 70.68
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/25

Sector Weight (%)
Real Estate 27.8
Financials 26.5
Consumer Staples 15.5
Materials 15.2
Industrials 8.8
Energy 2.6
Utilities 2.0
Consumer Discretionary 1.1
Information Technology 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Real Estate Management & Devel 26.5
Banks 16.9
Food, Beverage & Tobacco 15.4
Materials 14.5
Financial Services 11.2
Capital Goods 7.0
Energy 2.4
Transportation 2.4
Utilities 1.9
Consumer Discretionary Distrib 1.0
Technology Hardware & Equipmen 0.5
Other 0.3

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 04/09/25

Return on Equity 14.20%
Weighted Avg. Market Cap 3,931 M
2024 2025
Price-to-earnings 15.52 11.95
Price-to-book value 1.79 1.61

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/25

Versus Beta
S&P 500 0.87
NASDAQ-100 0.73
MSCI EAFE 0.98
MSCI Emg. Mkts 1.14
Standard Deviation 26.10%

Source: new windowAltaVista Research, LLC

ETF Documents

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility. VNAM is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.