April 2020 - Vietnam Stocks performance





After a horrible month of March, April recorded extraordinary gains. Despite the grim performance of many economies around the world, most equity markets performed very well in April. The massive interventions by central banks and governments may partly explain the general optimism. However, we remain skeptical about the progress of global stocks in the short term, particularly in the United States. Nevertheless, we believe that over the long term Vietnamese stocks remain clearly undervalued (which does not mean that there is no short-term downside risk linked to a possible global correction). Over the month, Ho Chi Minh index is up by 16.3% and Hanoi index is up by 15.3%. Our reference portfolio is up by 15.5%. Anh Thomas returns over the long run are quite impressive. Since being launched, Anh Thomas portfolio overall return is +285.6% greatly outperforming both Hanoi and Ho Chi Minh indexes (+54.8% and +93.2% respectively).

Disclaimer:

 

This website shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any country or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such country or other jurisdiction. Please also note that the value of your investments can both rise and fall over time and that you should not assume that past performance will repeat itself. You may receive less than you originally invested. Anh Thomas Investment also declines any responsibility in respect of the tax treatment of your investments.

 

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