Vanguard Emerging Markets (VWO) $117.09 Sanjay Bhatt & Tiffany Wade
Business Description Disadvantages (Source) Country Diversification
(% of common stock)
Emerging markets are generally much riskier investments. Holdings Korea – 15.4
are more volatile.
Vanguard Emerging Markets ETF (the Fund), Little transparency with certain foreign companies. China – 13.8
formerly Vanguard Emerging Markets VIPERs,
Unlisted and private holdings do not have to comply with SEC Brazil -- 12
seeks to track performance of a benchmark regulations.
index that measures the investment return of
Worries about Korean economy due to spillover effects of U.S. Taiwan – 11.3
stocks issued by companies located in emerging
credit crunch and U.S. trade dependency. Slow down in 3rd Q real
market countries. The Fund invests Russia – 9.1
export growth.
substantially all (normally about 95%), of its
OAO Gazprom under scrutiny for questionable business practices as South Africa – 6.9
assets in the common stocks included in the
a state-owned monopoly and political tool.
MSCI Emerging Markets Index (the Index).
Overheating of emerging market economies (especially China). India – 6.8
With over 800 holdings, upside on gains from individual companies
Mexico – 5.1
are limited.
Hong Kong – 2.4
Key Statistics (Source) Top 10 Holdings ETF Performance (Yahoo! Finance)
1. OAO Gazprom ADR
NAV $110.74
2. China Mobile (Hong Kong) Ltd.
Total Assets 22,044M
3. America Movil SA de CV
Yield % 1.29 4. Samsung Electronics Co., Ltd.
Expense Ratio (%) .30 5. Companhia Vale do Rio Doce Pfd. Class A
Premium (%) .14 6. Petroleo Brasileiro SA Pfd.
7. LUKOIL Sponsored ADR
8. POSCO
9. China Life Insurance Co., Ltd.
10. Hon Hai Precision Industry Co., Ltd.