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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 02/28/25

Inception Date 12/07/21
Total Expense Ratio 0.51%
Net Assets $10.68 million
NAV $15.71
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 02/27/25

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 0.52%

Distributions As of 02/28/25

30-Day SEC Yield 1.99%
Distribution Frequency Semi-Annually

ETF Prices As of 02/28/25

NAV $15.71 Daily Change -$0.03 -0.19%
Market Price $15.65 Daily Change $0.12 0.77%

Performance History

As of recent
(12/31/24)
As of recent
(12/31/24)
Fund NAV Market Price Index
1 Year -6.71% -7.78% -6.19%
3 Years -16.29% -16.52% -15.62%
Since Inception -14.79% -15.06% -14.12%
1 Year -8.72% -9.11% -8.21%
3 Years -14.08% -14.43% -13.39%
Since Inception -13.38% -13.48% -12.70%
Year-to-Date -6.71% -7.78% -6.19%
1 Month -0.72% -1.56% -0.74%
3 Months -8.16% -7.96% -8.03%
Since Inception -38.81% -39.41% -37.31%
Year-to-Date 2.75% 3.37% 2.85%
1 Month 2.15% 2.76% 2.20%
3 Months 2.01% 1.76% 2.10%
Since Inception -37.13% -37.37% -35.52%

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 02/28/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
10.86 HPG VN HOA PHAT GROUP JSC B29CC15 1.10 1,058,314 1,159,569.24
6.45 VCB VN BANK FOR FOREIGN B622TR5 3.65 188,659 688,784.37
5.90 MSN VN MASAN GROUP CORP B59R0P1 2.65 237,920 630,294.82
5.85 VIC VN VINGROUP JSC B27Y417 1.61 387,300 624,408.53
5.63 VNM VN VIET NAM DAIRY P B16GLK5 2.43 247,000 601,189.59
5.23 VHM VN VINHOMES JSC BFZBXH0 1.61 346,700 558,952.85
4.13 SSI VN SSI SECURITIES CORP B1LB8G0 1.03 428,385 440,873.63
2.84 VPB VN VIETNAM PROSPERI BF47045 0.76 401,700 303,377.42
2.57 DGC VN DUC GIANG CHEMICALS JSC BP0RTK8 4.36 62,780 273,917.82
2.09 KDH VN KHANG DIEN HOUSE B3M16J2 1.31 170,609 223,651.01
2.00 VRE VN VINCOM RETAIL JSC BZ0WW59 0.68 314,300 214,001.96
1.93 VJC VN VIETJET AVIATION JSC BYP2451 3.76 54,800 205,861.87
1.92 VND VN VNDIRECT SECURITIES CORP B4XXQS3 0.53 385,250 205,024.46
1.86 VIX VN VIX SECURITIES JSC B5N90B9 0.45 442,895 198,440.53
1.62 VCI VN VIETCAP SECURITIES JSC BYVTMH4 1.43 121,182 172,846.17
1.51 SHB VN SHB BANK B3V86Y9 0.39 411,528 161,036.21
1.47 EIB VN VIETNAM EXPORT-I B58P9L5 0.83 188,547 157,153.24
1.40 BID VN BANK FOR INVESTM BJ4WY68 1.60 93,083 149,158.63
1.38 KBC VN KINH BAC CITY DE B2B3VJ7 1.16 126,900 147,483.08
1.34 STB VN SACOMBANK B19HJ45 1.50 95,400 142,792.02
1.25 NVL VN NOVALAND INVESTMENT GROUP BYZCMP7 0.41 322,291 133,683.61
1.23 FRT VN FPT DIGITAL RETAIL JSC BFM5DX1 7.16 18,380 131,619.64
1.21 GEX VN GELEX GROUP JSC BYV0WY4 0.89 144,900 128,995.30
1.14 IDC VN IDICO CORP JSC BFMT742 2.24 54,540 122,077.40
1.10 CTG VN VIETNAM JS COMM B3PL622 1.62 72,389 117,556.00
1.07 SIP VN SAIGON VRG INVESTMENT COR BKBDP80 3.56 31,995 113,932.50
1.05 KDC VN KIDO GROUP CORP B16GKS6 2.29 48,873 111,879.10
1.03 PVS VN PETROVIETNAM TEC B2QMMQ3 1.39 79,000 110,052.83
0.97 PDR VN PHAT DAT REAL ES B4V9BD3 0.78 132,513 103,189.54
0.96 VPI VN VAN PHU - INVEST BF2RZ53 2.33 44,064 102,594.72
0.90 VHC VN VINH HOAN CORP B2N7VQ4 2.81 34,080 95,885.42
0.89 POW VN PETROVIETNAM POWER CORP BFX2T66 0.48 197,400 94,625.32
0.88 DXG VN DAT XANH GROUP B56QVW5 0.64 147,129 93,844.75
0.87 NAB VN NAM A COMMERCIAL JSB BKSB0V5 0.69 133,800 92,673.06
0.83 PVD VN PETROVIETNAM DRI B1HMTK8 0.97 91,852 88,958.60
0.83 HAG VN HAGL JSC B3KLW63 0.51 174,700 88,871.06
0.82 SAB VN SAIGON BEER ALCO BDSFBV5 2.02 43,200 87,059.28
0.77 VCG VN VIETNAM CONSTRUC B3D0PX5 0.84 98,857 82,590.37
0.74 HUT VN TASCO JSC B2QXYW6 0.66 120,300 79,085.89
0.74 TCH VN HOANG HUY INVEST BYQ4467 0.68 114,816 78,625.71
0.73 DIG VN DEVELOPMENT INVE B3XZ1Y3 0.78 100,680 78,400.78
0.72 HSG VN HOA SEN GROUP B3FQWF2 0.75 102,530 76,431.09
0.72 FTS VN FPT SECURITIES JSC BZ6T4X6 1.85 41,280 76,405.56
0.70 SHS VN SAIGON - HANOI SECURITIES B5ZWC43 0.56 134,275 75,137.25
0.62 DPM VN PETROVIETNAM FER B291F68 1.44 46,100 66,205.05
0.61 SBT VN THANH THANH CONG B2PXTH7 0.53 123,458 65,461.00
0.60 DBC VN DABACO CORP B2QF637 1.16 55,000 63,705.73
0.59 GAS VN PETROVIETNAM GAS JSC B83C9P6 2.66 23,844 63,447.15
0.58 HDG VN HA DO JSC B3PKX17 1.10 56,501 62,238.43
0.58 VTP VN VIETTEL POST JSC BG5QPH6 6.02 10,300 62,029.74
0.58 DCM VN PETRO CA MAU FER BWG92M0 1.38 44,700 61,833.11
0.58 PVT VN PETROVIET TRANSP B1LB990 1.04 58,750 61,382.31
0.53 PC1 VN PC1 GROUP JSC BYX2RS7 0.94 60,238 56,572.57
0.53 DGW VN DIGIWORLD CORP BZ03995 1.56 36,186 56,356.99
0.51 CTR VN VIETTEL CONSTRUC BD3FKG8 4.71 11,600 54,652.32
0.49 BWE VN BINH DUONG WATER BF1Y1F7 1.76 29,700 52,298.96
0.47 CEO VN CEO GROUP JSC BN5RL69 0.57 88,570 50,601.53
0.46 CMG VN CMC CORP B3M2J30 1.74 28,500 49,516.73
0.45 SJS VN SONGDA URBAN & I B1CBVZ9 3.91 12,300 48,131.48
0.44 NKG VN NAM KIM STEEL JSC B3WZ5F3 0.62 75,280 46,838.27
0.42 KOS VN KOSY JSC BFF5BT0 1.54 29,100 44,922.52
0.42 BMP VN BINH MINH PLASTICS JSC B1CBVC6 4.68 9,600 44,891.41
0.35 PLX VN VIETNAM NATIONAL BYQH5X0 1.70 21,700 36,980.43
0.05 VIETNAMESE DONG 0.00 137,544,003 5,382.27
0.03 OTHER PAYABLE & RECEIVABLES 1.00 3,227 3,227.47
0.00 CASH 1.00 -226 -226.30
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/25

Sector Weight (%)
Real Estate 26.2
Financials 25.6
Consumer Staples 16.2
Materials 16.0
Industrials 9.2
Energy 2.8
Utilities 2.1
Consumer Discretionary 1.5
Information Technology 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Real Estate Management & Devel 25.3
Banks 16.8
Food, Beverage & Tobacco 16.2
Materials 15.5
Financial Services 10.7
Capital Goods 6.8
Energy 2.7
Transportation 2.1
Utilities 2.0
Consumer Discretionary Distrib 1.4
Technology Hardware & Equipmen 0.5

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 02/28/25

Return on Equity 193.70%
Weighted Avg. Market Cap 4,079 M
2024 2025
Price-to-earnings 12.57 0.02
Price-to-book value 1.46 0.02

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/25

Versus Beta
S&P 500 0.92
NASDAQ-100 0.78
MSCI EAFE 0.97
MSCI Emg. Mkts 1.11
Standard Deviation 25.90%

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.