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October 2017 Stock Performance

After a really strong month of September, October has been much more mixed for the Vietnamese stock markets. This month witnessed a strong performance divergence between the two main Vietnamese indexes which is quite unusual. On the economic side, Inflation eased in October while the YTD CPI increase to 2.25% and annual growth soared to 7.5% in Q3 (Q2: 6.3% year-on-year) despite a protracted downturn in mining and oil output. Finally, rising inflows of FDI amid concerted efforts to liberalize trade and investment, together with strong exports, should keep the economy on a solid growth trajectory Over the month, Ho Chi Minh index is up by 4.1% while Hanoi index is down by 2.3%. Our reference portfolio recorded a 1.2% monthly gain. Anh Thomas returns over the long run are still impressive. Since being launched, Anh Thomas portfolio overall return is +307.5%, greatly outperforming both Hanoi and Ho Chi Minh indexes (+52.4% and +110.4% respectively). To get access to the full performance report click here.

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