After a sharp pullback in July, the VN-Index rebounded 5.6% in August, led by broad gains across large-cap equities. PYN Elite +5.5%. In the August 2026 Review, FTSE Russell Index
PYN Elite’s NAV hit its low point for the year on 27 July, when it closed at €487.3. Since then, the NAV has recovered upwards roughly 10%, with the latest
Vietnam stock market had a terrible performance in July, with a max drawdown of around 10%. Better-than-expected earnings helped the market recover part of its losses. Vietnam’s infrastructure investments are
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 31.8.2026. The average annual return is 15.5%.
MILLION EUROS
of assets under management in the PYN Elite Fund as of August 2026. 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.