PYN Elite rose by 3.1% in August, outperforming the VN Index’s 2.6%, driven by banks’ outperformance and DBC (+10.9%). Despite initial uncertainty over Vietnam’s leadership change, local businesses perceive the
There has been a lot of good news from Vietnam lately. The growth of industrial production has accelerated and in the last three months, expansion of over 10% has been
The market had a turbulent July as the VN Index fluctuated sharply between 1220 and 1300, closing +0.5% MoM. PYN Elite NAV remained unchanged from June. The market was supported
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 30.8.2024. The average annual return is 16,2%.
MILLION EUROS
of assets under management in PYN Elite Fund in August 2024. 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.