After an extraordinary month of April, May has been another good month for Vietnamese stocks. Although the situation for COVID-19 seems to improve in major economies, especially European ones, we maintain our skeptical view on the continuous and extremely strong progress of the world stock markets, particularly in the United States. Nevertheless, it is undeniable that the current stocks performances are nothing but brilliant. Over the month, Ho Chi Minh index is up by 12.6% and Hanoi index is up by 2.8%. Our reference portfolio is up by 7.8%. Anh Thomas returns over the long run are quite impressive. Since being launched, Anh Thomas portfolio overall return is +315.6% greatly outperforming both Hanoi and Ho Chi Minh indexes (+59.1% and +117.5% respectively).
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