Global X MSCI Vietnam ETF

The Global X MSCI Vietnam ETF (VNAM) is an index fund that tracks the MSCI Vietnam Select 25-50 Index. As of July 31, 2026, it held 69 Vietnamese stocks. It is highly concentrated: Vingroup alone made up 23.7% of assets and the top 10 holdings 54%, and the index leans toward financials and real estate. It charges 0.51% a year, and its returns have swung widely, from a 44% loss in 2022 to a 63% gain in 2025.

• Over the year to Oct 27, 2026, VNAM returned +5.3%.
• Its worst full calendar year was 2022 (-44.1%); its best was 2025 (+67.0%).
• The deepest fall in its price history was 52.8% (Jan 7, 2022 to Nov 15, 2022), recovered by May 6, 2026.

As of Jul 31, 2026, the fund held 69 securities; the ten largest made up 54.36% of assets.

• Over the three months to Jul 31, 2026, investors added a net $2.6M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -6.98%, -0.25%, -1.17%.

VNAM, run by Global X Management Company, tracks the MSCI Vietnam Select 25-50 Index before fees. It does not try to beat the index or shift to safer assets when markets fall. At least 80% of assets go into index stocks or depositary receipts (certificates for those shares that trade on other exchanges). It generally holds every index stock in similar proportions.

MSCI starts with companies it classifies as Vietnamese, including firms listed or headquartered in Vietnam that operate mainly there. Each must rank at or above the 85th percentile by market value among frontier-market stocks (smaller, less-developed markets), pass a liquidity test and have traded on at least half of trading days in the past year. Weights reflect free float (only shares the public can readily trade), cut further for less-traded stocks. The index leans toward financials and real estate.

At each quarterly rebalance, no group of companies under one parent may top 25%, and groups above 5% may total no more than 50%. As of July 31, 2026, Vingroup alone was about 23.7% of the fund, and the top 10 of 69 holdings made up 54.4%. Unlike most ETFs, the fund often pays large traders who redeem shares in cash rather than stocks, so it may sell holdings, which can make it less tax-efficient.

• VNAM charges 0.51% a year.
• Of that, 0.5% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $52 in the first year and $640 over 10 years (assuming a 5% annual return).

VNAM offers concentrated exposure to a single frontier market, with swings far larger than a broad stock fund's, so it fits best as a small add-on rather than a foundation.

VNAM can add a market that broad funds may hold little of, but the ride has been rough. The fund launched in December 2021, so it has no record from the 2008 or 2020 crashes. In the 2022 bear market it fell 43%. Its deepest drop was 52.8%, from January 7 to November 15, 2022, and it took about 42 months to recover, until May 2026. Its worst calendar year was 2022, at −44.2% according to the prospectus. Anyone who needed to withdraw money that year would have cashed out at a deep loss. The fund pays little income: its trailing yield was 0.5% as of October 27, 2026, paid twice a year. It costs 0.51% a year, or $52 in the first year on $10,000 under the SEC's standard example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.

No close alternatives found.