VFMVF1 – 03/2017
Concluding March 2017, VN-Index continued to increase by 1.6%, mostly attributed to Banks, Capital Goods and Food & Beverage sectors. Generally, most of the industry group have positve growth in March, excluding Real Estate with VIC and Utilities with GAS. Since the beginning of 2017, the foreign fund flows to Vietnamese stock market is decent with USD 154 million, especially in March with the record of USD 102 million net-buy on HOSE, in which the focus were large-cap companies such as VNM, ROS, HPG, NVL.
As of the end of March 2017, VF1 has recorded an impressive return of 3.4% MTD, and 8.1% YTD outperforming the internal benchmark which returned 7.1% in the same period. The largest contributors in March would include stocks from Materials sector (HPG, HT1), Real Estate (KDH, NVL), Capital Goods (BMP) and Food & Beverages (VNM). Noticeably, HPG has an outstanding return of 14.6% as a result of the stock bonus ratio 10:5 and the favorable prospect from the Vietnam’s tariff on galvanized steel sheet imported from Korea and China.
The Cash & Cash Equivalent has been decreased from 13.7% to 12.2% of total assets as the end of March due to the disbursement in new stock investments on OTC and listed markets, which belongs to Agriculture and Real Estate sector.
