New York, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X MSCI Vietnam ETF (VNAM). VNAM is Global X’s latest addition to its International Access family, which offers sector exposure to China, the world’s second largest economy by GDP, along with single-country and regional strategies that target parts of Asia, Europe, South America and Africa.
Vietnam has experienced rapid and dynamic economic growth, amid its shift to a market economy. It was one of only a handful of countries to experience GDP growth in 2020 amid the COVID-19 pandemic, and experienced an average growth rate of 6.34% between 2000 and 2021.[i] A confluence of positive trends are putting wind into the sails of Vietnam’s economy, including Vietnam’s competitive manufacturing sector, ambitious digital economy development goals, and its strong position in global trade.
“Vietnam is a manufacturing powerhouse, particularly in the production of smartphones and computer parts. Additionally, Vietnam’s relatively young and tech-savvy population is spurring the takeoff of the country’s digital economy, while it’s position by the South China Sea has enabled its emergence as an important trade hub,” said Dillon Jaghory, Research Analyst at Global X. “Given that Vietnam’s economic reforms and growth have captured global attention, Global X is leveraging our deep history in International Access ETFs to bring investors efficient access to a basket of Vietnamese securities.”
With a total expense ratio of 0.50% and tracking the MSCI Vietnam IMI Select 25/50 Index, VNAM seeks to invest in securities across the broad Vietnam equity universe.
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features 90 ETF strategies and over $40 billion in assets under management.[ii] While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $620 billion in assets under management worldwide.[iii] Mirae Asset has an extensive global ETF platform ranging across the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $70bn in assets under management.[iv]
Risk Information
Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation 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 and narrowly focused investments 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.
Carefully consider the fund’s investment objectives, risks, and charges and expenses. This and other information can be found in the fund’s full or summary prospectuses, which may be obtained at globalxetfs.com. 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. 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 nor Global X is affiliated with MSCI.
[i] The World Bank, Vietnam Overview, 11/17/21
[ii] Source: Global X, as of 12/6/21
[iii] Mirae Asset, as of June 2021
[iv] Mirae Asset, as of 10/18/21
