Thursday, February 22, 2007

Vietnam -- The next Bubble to burst ???


The Vietnam Opportunity Fund provides an interesting glimpse into the rising interest in Emerging Market equities. The massive uptick in volume over the past few months, has accompanied both a strong rise in the underlying equities, and also in the currency , the dong ..... the Vietnamese Stock Index(VNINDEX) is up 227% over the past 12 months , and is up 40% so far in 2007 .
Other Emerging Markets are on a tear as well ----- an index of 22 so-called frontier countries rose 12% in January, the fastest-ever start to a year. Five of them, including Vietnam, Ukraine and Croatia, are among this year’s top 10 markets

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