VN-Index +9.2%, reaching a new ATH of 1,557 on July 28. PYN Elite outperformed with a 13.2% gain, led by banks and brokers. This spring, we doubled our brokerage exposure
The recent strength of the Vietnamese stock market is largely driven by these factors: A tariff agreement between the U.S. and Vietnam has been concluded. The published framework appears promising,
In June, PYN Elite outperformed the VN-Index at +5.2%. The VN-Index rose by +3.3%, driven by the banking sector. The National Assembly officially passed the amended Law on Credit Institution
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 31.7.2025. The average annual return is 16.5%.
MILLION EUROS
of assets under management in the PYN Elite Fund as of July 2025. 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.