The defining event of April was FTSE’s formal confirmation of Vietnam’s upgrade from Frontier to Secondary Emerging Market. The reclassification will be implemented in four tranches, beginning in September 2026
So far in Q1, 238 Vietnamese listed companies have reported their results. Their combined earnings growth is +43%. These companies represent only 17% of the total market, but we can
The VN-Index fell sharply by 11% in March as a broad sell-off spread across sectors, driven by concerns over the ongoing US and Israel war with Iran. The index briefly
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 30.4.2026. The average annual return is 15.9%.
MILLION EUROS
of assets under management in the PYN Elite Fund as of April 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.