The situation in the Persian Gulf is particularly serious for Asian economies, as they import most of their crude oil from the Middle East. However, we believe that political pressure
VN-Index +2.8% in February, fueled by VIC’s stellar +22.4% rally. In line with seasonal trend, the market faced significant selling pressure before the Tet holiday due to margin deleveraging and
Vietnam’s stock market index shows positive momentum, rising 4.3% year-to-date. Over the same period, PYN Elite has outperformed the index with a 5.5% return. However, market performance has been volatile,
PYN Elite’s portfolio manager, Petri Deryng, publishes a comprehensive Investor Letter four times a year, reviewing the Vietnamese market and often also global markets.
TOTAL RETURN
cumulatively on PYN Elite since the inception on 1.2.1999 until 27.2.2026. The average annual return is 16.4%.
MILLION EUROS
of assets under management in the PYN Elite Fund as of February 2026. PYN Elite is the largest investment fund registered in Finland, investing in Asian equities.
YEARS
of experience in the Asian stock market, and also the equity fund managed longest by the same portfolio manager in Finland.
EQUITY INVESTMENT
ALLOCATION IN VIETNAM
PYN Elite has been investing in Vietnam since 2013 and today all of our equity investments are in Vietnam, which is among the fastest-growing economies in Asia.