S&P Vietnam 10 Index
What is the S&P Vietnam 10 Index?
The S&P Vietnam 10 Index was a stock market index from Standard & Poors that provided investors with a narrow exposure to the ten largest and most liquid companies in Vietnam. Launching in 2008, the index soon became obsolete as investors required a broader market exposure, and was eventually delisted.
Where have you heard about the S&P Vietnam 10 Index?
If you or your broker like emerging markets, you may have seen a recommendation to invest in Vietnam as the country emerges from its history of communist government and a closed economy. In the late 2000s the S&P Vietnam 10 Index was the benchmark but was soon superseded.
What you need to know about the S&P Vietnam 10 Index.
Whilst the S&P Vietnam 10 Index delisted due to its narrow exposure, there are still plenty of indices that track the broader Vietnamese market. The country is receiving ever more attention as an attractive place to invest as foreign direct investment continues to flow in to Vietnam year on year.
The benchmark Vietnam Ho Chi Minh Stock Index tracks 300 companies and in August 2017 reached an all-time high of 792.98 having seen a record low of 336.73 as recently as January 2012. The VanEck Vectors Vietnam ETF (VNM) effectively tracks the performance of this broad index.