They are called frontier markets for a reason. We admittedly have no very little idea as to what is going on in Vietnam these days. However the country’s equity market of late demonstrates that not every market trades in lockstep with the global indices. A quick glance at a chart shows a pop in the Market Vectors Vietnam ETF (VNM) after a period of underperformance. The point being that while finding opportunities in uncorrelated markets these days is difficult, but it is not impossible. In today’s screencast we examine the recent performance of Vietnamese stock market.
Items mentioned in the above screencast:
A sharp rise in the Vietnamese stock market . (Barron’s)
The attraction of frontier markets. (The Reformed Broker)
Comparing Vietnam to some logical benchmarks. (StockCharts)