Following a 16.2% drop, the market rebounded over the rest of April on tariff deferral and strong Q1 results. VN-Index closed -6.2%, while PYN Elite -4.5% MoM, supported by gains
The VN-Index rose by +0.1% in March, primarily due to the strong performance of VIC and VHM. PYN Elite -2.7%. Recently, the State Securities Commission of Vietnam announced a comprehensive
The key message of our Investor letter is as follows: Vietnam’s political and economic future is exceptionally bright, and the country is heading toward success with strong foundations. Given these
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 30.4.2025. The average annual return is 15.7%.
MILLION EUROS
of assets under management in PYN Elite Fund in April 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.