February 2019 stock performance
Vietnamese stocks have climbed further in February amid reports the US and China were close to striking a trade deal. Several sectors have particularly beneficiated from the trend. This is notably the case for property developers and banks. Petroleum companies have also benefited from higher oil prices. This month was also marked by a renewed interest of foreign investors partly due to the Hanoi Summit, which allowed to show to the world an economically attractive image of Vietnam. Over the month, Hanoi index is up by 2.9%, Ho Chi Minh index is up by 6.7% and our reference portfolio is up by 2.3%. Anh Thomas returns over the long run are impressive. Since being launched, Anh Thomas portfolio overall return is +331.0%, greatly outperforming both Hanoi and Ho Chi Minh indexes (+53.4% and +144.2% respectively).
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