June 2018 stock performance
Vietnamese stock markets have been the worst performing markets in the World in the second quarter of 2018. The downside trend continued in June. This quarter has been the worse since the World Financial crisis of 2008. Economists and financial experts disagree on the reasons for this sharp correction. The good news as far as Anh Thomas and its clients are concerned is that June was an excellent month in terms of dividends received, which allowed to offset in part the monthly losses. Over the month, Hanoi index is down by 7.6% and Ho Chi Minh index is down by 1.1%. Our reference portfolio ended up the month with a 2.5% loss. Anh Thomas returns over the long run are still impressive. Since being launched, Anh Thomas portfolio overall return is +305.1%, greatly outperforming both Hanoi and Ho Chi Minh indexes (+53.8% and +141.4% respectively).