- Home
- » VanEck Funds
- » VIP Insurance Funds
- » VanEck VIP Emerging Markets Fund
The VanEck VIP Emerging Markets Fund seeks long-term capital appreciation by investing in equity securities in emerging markets around the world. The Fund is a global emerging markets equity portfolio focused on companies with growth potential at a reasonable price (“GARP”). Our bottom-up investment process is driven by fundamental research into the sustainability of a company’s growth drivers, and is oriented toward strong secular stories, many of which reflect domestic demand themes and are often found in smaller-capitalization stocks.
Fund Details
|
08/31/21
|
|||
| Net Assets | $176.8M | P/E (LTM) / P/E (Forward) | 18.7/17.2 |
| Number of Holdings | 80 | P/B (LTM) | 3.5 |
| Turnover Rate (2020) | 28.5% | Average Weighted Market Cap | $22.5B |
Fund Summary
|
The Fund seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world. The Fund's benchmark is the Morgan Stanley Capital International Emerging Markets Index. |
Country Weightings (%)
|
08/31/21
|
|
| China | 29.6 |
| India | 11.0 |
| Taiwan | 10.8 |
| South Korea | 9.5 |
| Brazil | 5.8 |
| Russia | 5.2 |
| Turkey | 2.8 |
| Argentina | 2.8 |
| Philippines | 2.6 |
| Germany | 2.5 |
| Mexico | 2.5 |
| Egypt | 2.0 |
| Other EM | 9.1 |
| Cash | 3.7 |
Sector Weightings (%)
|
08/31/21
|
|
| Consumer Discretionary | 21.9 |
| Financials | 20.1 |
| Information Technology | 16.0 |
| Communication Services | 11.0 |
| Industrials | 7.8 |
| Health Care | 7.4 |
| Energy | 3.3 |
| Real Estate | 3.3 |
| Consumer Staples | 2.8 |
| Materials | 2.7 |
| Cash | 3.7 |
Top 10 Holdings (%)
|
08/31/21
|
|
| HDFC Bank Limited | 5.0 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 4.1 |
| Reliance Industries Limited | 3.2 |
| Prosus N.V. Class N | 3.2 |
| Samsung Electronics Co Ltd Pfd Non-Voting | 3.1 |
| Tencent Holdings Ltd. | 3.0 |
| MercadoLibre, Inc. | 2.8 |
| LG Chem Ltd. | 2.7 |
| Delivery Hero SE | 2.5 |
| China Education Group Holdings Limited | 2.4 |
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
|
08/31/21
|
|
| Large (>= $10 billion) | 60.6 |
| Mid (< $10 billion >= $2 billion) | 24.7 |
| Small (< $2 billion) | 14.7 |
| Average Weighted Market Cap | $22.5B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.