The key message of this Investor letter is the composition of the PYN Elite portfolio. The portfolio has been tactically positioned toward banks, brokerages, and aviation. It includes interesting ideas
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
The VN-Index gained 3.2% in February, driven by a broad-based rally, particularly in banks, brokerages, and basic materials. PYN Elite rose 0.2% as the Dong weakened 1.9% against dollar and
PYN Elite +0.10% in January, slightly outperforming the VN-Index (-0.14%), driven by gains in MBB, STB, and VCI. The market had a slow start to the year with muted trading