SEARCH

 

LANGUAGE

  CONTACT US
Van Eck Global - Since 1955

ETF Fund Related
Links



Financial
Professional Access
access exclusive materials including videos, sales ideas and conference calls
 
 

Register now

Forgot Password?

 

  • Market Vectors® Vietnam ETF (VNM)

  •  
    VNM_Vietnam_icon_NEW

    The Market Vectors® Vietnam ETF (VNM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Vietnam Index (MVVNMTR), a rules-based, modified capitalization-weighted, float-adjusted index intended to give investors exposure to Vietnam.

    PDFInvestment Case for Vietnam

  • Ticker:- VNM;false;MVVNM;
  •  

    As of February 04, 2012

    Fund Ticker
    VNM
    ISIN
    US57060U7616
    Intraday NAV (IIV)
    VNM.IV
    Index Ticker
    MVVNMTR
    Exchange
    NYSE Arca
    Commencement Date
    08/11/2009


    Gross Expense Ratio *
    0.92%
    Net Expense Ratio *
    0.76%
    Options
    Expected
    AUM
    $242.5MM
    * Expenses for the Fund are capped contractually at 0.76% until 05/01/2012. Cap excludes certain expenses, such as interest.
    As of December 31, 2011

    Index Ticker
    MVVNMTR
    Index Inception Date
    11/24/2008
    Currency
    USD
    Fund Price/Earning Ratio
    7.75
    Fund Price/Book Ratio
    1.18
    Fund Avg. Weighted Market Cap
    $3800.4 MM
    52 Week High/Low
    1057.94 / 550.57
  • Fund Prices

     

    as of February 03, 2012
    TICKERNAV/
    Last Price
    VolumeDaily Change NAV/
    Last Price
    YTD Change NAV/
    Last Price
    Premium/
    Discount
    Premium/
    Discount Distribution
    NAV Price History

    Premium-Discount
    Expense Ratio*
    Gross/Net
    Vietnam ETFVNM $17.26
    $17.93
    169,849
    $0.17
    +1.0%

    $0.12
    +0.7%
    + 16.9%
    + 23.2%

    $0.67
    3.88%
    Chart Export 0.92/0.76
  • Performance History (%)

    As of December 31, 2011
    1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    MVVNMTR
    -5.88-17.46-41.56-41.56-2.08n.a.n.a.-18.74
    FUND/NAV-6.73-16.95-41.10-41.10n.a.n.a.n.a.-18.97
    FUND/Share Price-8.44-14.70-43.80-43.80n.a.n.a.n.a.-19.46
    As of December 31, 2011
    1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    MVVNMTR
    -5.88-17.46-41.56-41.56-2.08n.a.n.a.-18.74
    FUND/NAV-6.73-16.95-41.10-41.10n.a.n.a.n.a.-18.97
    FUND/Share Price-8.44-14.70-43.80-43.80n.a.n.a.n.a.-19.46
    *Commencement date: 08/11/2009
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Market Vectors ETFs reflects temporary waivers of expenses and/or fees. Had the Market Vectors ETFs incurred all expenses, investment returns would have been reduced. The investment return and value of shares of Market Vectors ETFs will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    As of December 31, 2011
    LIFE*1MO3MO6 MOYTD1YR3YR†5 YR†10YR†
    INDEX
    MVVNMTR
    -18.74%-5.88%-17.46%-28.36%-41.56%-41.56%n.a.%-18.74%n.a.%
    As of December 31, 2011
    LIFE*1MO3MO6 MOYTD1YR3YR†5 YR†10YR†
    INDEX
    MVVNMTR
    -18.74%-5.88%-17.46%-28.36%-41.56%-41.56%-2.08%n.a.%n.a.%
    *Commencement date: 11/24/2008
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance may be lower or higher than performance data quoted.
  • Top 10 Holdings

     

    As of February 03, 2012 |TOTAL CONSTITUENTS: 33
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Vincom Jsc VIC VN4,189,76022,815,627
    9.41%
    Vietin Bank CTG VN17,020,81619,859,007
    8.19%
    Bao Viet Holdings BVH VN6,301,90616,919,098
    6.98%
    Jsc Bank For For VCB VN14,080,87816,447,271
    6.78%
    Petrovietnam Fer DPM VN9,759,40013,069,823
    5.39%
    Premier Oil Plc PMO LN1,744,00511,560,216
    4.77%
    Gamuda Bhd GAM MK8,768,68711,452,297
    4.72%
    Charoen Pokphand Foods Pcl CPF-R TB9,377,10011,236,967
    4.63%
    Oil & Natural Gas Corp Ltd ONGC IN1,933,73011,228,030
    4.63%
    TALISMAN ENERGY INC TLM CN778,7789,687,286
    4.00%
    As of February 06, 2012 |TOTAL CONSTITUENTS: 29
    Holding
    Weighting
    VINCOM JSC VIC
    9.46%
    VIETNAM JSC COMMERCIAL BANK CTG VM
    8.22%
    BAO VIET HOLDINGS BVH VM
    6.99%
    JSC BANK FOR FOREIGN TRADE VCB VN
    6.83%
    PETROVIETNAM FERT & CHEMICAL DPM VN
    5.41%
    PREMIER OIL PLC PMO LN
    4.79%
    GAMUDA BHD GAM MK
    4.72%
    CHAROEN POKPHAND FOODS PUB CPF TB
    4.64%
    OIL & NATURAL GAS CORP LTD ONGC IN
    4.63%
    TALISMAN ENERGY INC TLM CN
    4.02%
  • Key Features

     

    Nation's First ETF Focused Exclusively on Vietnam
    Among the world's most populous nations; nearly half the population is under the age of 25
    One-Trade Access to Local Market
    Approximately 70% of Index market cap currently in locally-listed companies; proportion of local companies expected to increase over time*
    Convenient Way to Customize International Exposure
    Complement traditional foreign exposure with investments beyond mainstream emerging markets
    Low Correlation
    Local stock market has had low correlation with developed markets
    Based on Market Vectors Index
    Liquid, Inclusive, Diversified, Transparent
    The Index comprises:
    A diversified group of many of the largest and most liquid companies in the investable universe
    Companies eligible for inclusion in Index:
    • Predominantly*, companies domiciled and primarily listed in Vietnam, or generating at least 50% of revenues from Vietnam
    • To a lesser extent*, non-Vietnamese companies that generate, or are expected to generate, at least 50% of revenues from Vietnam or that demonstrate a significant and/or dominant position in the Vietnamese market and are expected to grow
    • Market cap exceeding $150 million
    • Three-month average daily turnover greater than $1 million
    • Trade on recognized domestic or international stock exchanges

    *Currently, approximately 70% of the market capitalization of the Index; this percentage is expected to increase in the future.  

    Index provider:
  • Important Information
    for Foreign Investors

     

     German Investors

    As of February 03, 2012
    Equity Gain (%)
    Aktiengewinn (%)

    -0.4699680
    Property Gain
    Immobiliengewinn

    0.00
    Interim Profit
    Zwischengewinn

    0.0001780
    Accumulated Deemed Distributed Income (ADDI)
    Akkumulierte Thesaurierte Ertraege

    0.00
    Deemed Distributed Income (DDI)
    Thesaurierte Ertraege

    0.00
    Download History
    Download Historischen Daten

    >>
    Download Bundesanzeiger Current>>
    Download VAG Report
    Versicherungsaufsichtsgesetz

    >>

    THE SHARES OF THE FUND WILL NOT BE OFFERED IN GERMANY OTHER THAN (i) TO INSTITUTIONAL INVESTORS (INSTITUTIONELLE ANLEGER) WITHIN THE MEANING OF THE GERMAN INVESTMENT ACT (Investmentgesetz); (ii) OR TO INVESTORS WHO FOR THE PURPOSE OF SUBSCRIPTION CONTACTED THE FUND ON THEIR OWN INITIATIVE (REVERSE SOLICITATION). THE INVESTORS WHO QUALIFY FOR AN INVESTMENT UNDER (i) AND/OR (ii) ARE REFERRED TO AS “QUALIFIED INVESTORS”.

    This web-based information is addressed only to existing German QUALIFIED INVESTORS of the Fund. The shares in the Fund shall not be offered or advertised publicly or offered similarly under the German Investment Act. This web-based information is addressed exclusively to existing German QUALIFIED INVESTORS of the Fund and does not constitute an offer or advertisement to the public within the meaning of the German Investment Act. Accordingly the public distribution or offer of the Fund has not been notified to the German Financial Services Supervisory Authority.

    UK INVESTORS


    Distributing Status Funds

    Each of the following Market Vectors ETFs were certified as Distributing Funds by the HM Revenue and Customs ("HMRC") for the accounting period from January 1, 2010 to December 31, 2010.

    Africa Index ETF (AFK)

    Agribusiness ETF (MOO)

    Brazil Small-Cap ETF (BRF)

    Coal ETF (KOL)

    Environmental Services ETF (EVX)

    Gaming ETF (BJK)

    Global Alternative Energy ETF (GEX)

    Gold Miners ETF (GDX)

    Gulf States Index ETF (MES)

    Indonesia Index ETF (IDX)

    Junior Gold Miners ETF (GDXJ)

    Poland ETF (PLND)

    Russia ETF (RSX)

    RVE Hard Assets Producers ETF (HAP)

    Solar Energy ETF (KWT)

    Steel ETF (SLX)

    Uranium+Nuclear Energy ETF (NLR)

    Vietnam ETF (VNM)

     

    Reporting Status Funds

    On July 8, 2010, Market Vectors Latin America Small-Cap Index ETF (LATM) was notified of its acceptance into the Reporting Fund regime by the HMRC for the accounting period from April 6, 2010 to December 31, 2010. In addition, on February 7, 2011, Market Vectors China ETF (PEK) and Market Vectors Rare Earth/Strategic Metals ETF (REMX) were each notified of their acceptance into the Reporting Fund regime by the HMRC for the accounting periods from October 13, 2010 to December 31, 2010 and October 28, 2010 to December 31, 2010, respectively.


    View/Download:
    PDF Tiny Report of Income for Latin America Small-Cap Index ETF (LATM) as of 12/31/2010.

    PDF Tiny Report of Income for China ETF (PEK) as of 12/31/2010.

    PDF Tiny Report of Income for Rare Earth/Strategic Metals ETF (REMX) as of 12/31/2010.


    Please consult your tax advisor for information on how to obtain an alternate copy of the computation of reportable income.


    Due to UK transitional rules with the Reporting Fund regime, Market Vectors Emerging Markets Local Currency Bond ETF (EMLC), Market Vectors Egypt Index ETF (EGPT), and Market Vectors India Small-Cap ETF (SCIF) did not obtain Reporting Status for their respective periods during 2010. It is the intention to have each of these funds obtain Reporting Status for 2011. As such, UK investors can make a deemed disposal election on their 2010 tax returns. Please consult your tax advisor for additional information.

  • Fund Sector Breakdown

     

    As of December 31, 2011
    Financials42.5%
    Energy26.5%
    Industrials12.0%
    Materials7.7%
    Consumer Staples4.8%
    Consumer Discretionary4.3%
    Utilities2.3%
  • Fund Country Breakdown

     

    As of December 31, 2011
    Vietnam68.6%
    Offshore31.4%
    United Kingdom7.4%
    Malaysia7.2%
    Thailand6.3%
    Canada4.8%
    India4.5%
    Cayman Islands1.2%
  • Fund Market Capitalization

     

    As of December 31, 2011
    LARGE (>5.0B)14.0%
    MEDIUM (1.0 - 5.0B)45.7%
    SMALL (<1.0B)40.3%
  • Important Disclosure

    The Fund is subject to elevated risks, including those associated with investments in derivatives and foreign securities, in particular Vietnamese issuers, which include, among others, expropriation, confiscatory taxation, issues with repatriation of investment income, limitations on foreign ownership, political instability, armed conflict and social instability. Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Fund may loan its securities, which may subject it to additional credit and counterparty risk. Please refer to the prospectus for complete risk information.

    Market Vectors Vietnam Index (the “Index”) is the exclusive property of 4asset-management GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index. Structured Solutions AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards 4asset-management GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties.

    4asset-management GmbH does not sponsor, endorse or promote Market Vectors Vietnam ETF and makes no representation regarding the advisability of investing in the Fund.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value.  Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the prospectus and summary prospectus carefully before investing.

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor
    335 Madison Avenue, 19th Floor
    New York, NY 10017
    800.826.2333