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February 2018 stock performance

February has been a hectic month, to say the least. Vietnam's stock markets have been heavily hit by the plunges on Wall Street that triggered a rout in equities worldwide. Vietnamese shares suffered large but luckily temporary losses. A couple days prior to Tết (the Vietnamese New Year), the VN index was down more than 10%. After this turmoil, indexes started to rise strongly notably supported by large-cap stocks such as PetroVietnam Gas Joint Stock Corporation shares (GAS). Over the month, Hanoi index is up by 1.7% and Ho Chi Minh index is up by 0.5%. However, our reference portfolio recorded a 1.2% monthly loss. Nonetheless, Anh Thomas returns over the long run are impressive. Since being launched, Anh Thomas portfolio overall return is +387.5%, greatly outperforming both Hanoi and Ho Chi Minh indexes (+85.6% and +181.8% respectively).

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