New York State Common Retirement Fund Has $2.32 Million Position in VanEck VietnamETF (BATS:VNM)

The New York State Common Retirement Fund is a public pension fund that manages retirement benefits for state employees and retirees in New York. As of its most recent filing with the Securities & Exchange Commission, the fund had a $2.32 million position in VanEck VietnamETF BATSVNM, which represents approximately 0.01% of the fund's total assets under management.

VanEck VietnamETF BATSVNM is an exchange-traded fund (ETF) that tracks the performance of the VNQX index, which consists of publicly traded companies in Vietnam. The fund was launched by VanEck Securities Corporation in 2016 and has since grown to become one of the largest ETFs focused on emerging markets.

In the third quarter of 2021, the New York State Common Retirement Fund raised its stake in shares of VanEck VietnamETF BATSVNM by 29.0%. This was achieved through the purchase of an additional 38,528 shares during the period, bringing the fund's total holdings to 171,182 shares.

The decision to increase its position in VanEck VietnamETF BATSVNM reflects the fund's belief in the potential for growth and long-term returns in the Vietnamese market. Vietnam has been experiencing rapid economic growth and modernization in recent years, with a young and growing middle class and a favorable business environment. The country is also a member of the Association of Southeast Asian Nations (ASEAN), which provides access to a large and growing consumer base in the region.

Overall, the New York State Common Retirement Fund's investment in VanEck VietnamETF BATSVNM reflects its commitment to diversifying its portfolio and seeking out opportunities for long-term growth and stability.