In September, the VN-Index corrected by -1.2%, while PYN declined by -3.2%. This correction, driven by increased profit-taking pressure, occurred after the VN-Index reached an all-time high, crossing the 1700-level
It has been a rewarding yet challenging year for the Vietnamese equities. To get a better idea of the situation, one can look at what has happened to FPT, which
VN Index rose 12% in August, while PYN Elite outperformed slightly at +12.3%, despite a 2.6% gain of the Euro against the VND. The index was led by banks (+20%)
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 30.9.2025. The average annual return is 16.8%.
MILLION EUROS
of assets under management in the PYN Elite Fund as of September 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.