Invest in future Vietnam

PYN Elite is a Finnish equity fund (AIF) that has invested in Southeast Asian stock markets with convincing results for over 22 years. The story goes on, welcome to join.

Learn more

PYN Elite up 7,3% in November

— 03.12.21

VN Index +2.4% in November. PYN Elite (+7.3%) outperformed the index this month driven by CEO (229,3%). The real estate sector is rallying this year, on both strong housing demand and revaluation of landbank. CEO especially caught market attention, thanks…

Read more Download

New VN-Index target at 2500 points

— 24.11.21

PYN Elite’s original VN-Index target of 1800 was set at the time when Vietnam’s foreign reserve looked fragile, and government bond yields were 8%. At present, Vietnam’s foreign reserve has steadily increased, which lowered country risk substantially, and its government…

Read more

PYN Elite NAV has fiftyfold between 1999-2021

— 18.11.21

The NAV of the PYN Elite fund reached 500 euros on 12.11.2021. NAV was 10 euros at the fund inception 22 years ago, meaning that the NAV has by now increased fiftyfold (50x). According to Investment Research Finland, PYN Elite…

Read more

PYN Elite Investor Letter

Our Portfolio Manager Petri Deryng shares his views of the Vietnamese Stock market in his Investor Letters four times a year.

Investor Letter

A small book about investing

A book has been made of PYN Elite fund’s past years in Southeast Asia, which has been compiled from the investor letters written by our Portfolio Manager Petri Deryng over the years.  Read about the fund’s eventful times in Thailand and the latest turns in the Vietnamese market.

Download the book (pdf)

4 803%

Total return

cumulatively on PYN Elite since the inception in 1.2.1999 until 29.10. 2021. The average annual return is 18.7%.


Million euros

of assets under management in PYN Elite Fund in September 2021. PYN Elite is the largest investment fund registered in Finland investing in Asian equities.



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.


By subscribing to our newsletter, you will receive a monthly overview of the fund and up-to-date fund reports from Vietnam.