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December 2018 stock performance

Vietnamese stock markets performance chart

December has been a difficult month not only for the Vietnamese stock markets but for almost all the equity markets worldwide. The world economy is showing signs of slow down and it naturally impacts stocks. The year 2018 has been a pretty bad one for equity investors. We are not surprised by the recent decline of the US stocks and we believe that they still do not offer good value at current prices. However we think that the Vietnamese stocks are now clearly undervalued which offer great opportunities to investors. Over the month, Hanoi index is down by 0.6% while Ho Chi Minh index is down by 2.6%. Our reference portfolio ended up the month with a loss of 2.6%. Nonetheless, Anh Thomas returns over the long run are impressive. Since being launched, Anh Thomas portfolio overall return is +309.5%, greatly outperforming both Hanoi and Ho Chi Minh indexes (+51.0% and +126.6% respectively).

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