The VN-Index saw a drop of 8.5% in mid-April, before staging a comeback and closing at -5.8% MoM. PYN Elite -8.2% MoM, driven by short-term profit taking in banking stocks
We have become aware in recent weeks of an ongoing fraud in Vietnam. This fraud involves the illegal use of the names ‘PYN’ or ‘PYN Elite,’ or variations thereof, in
VN-index +2.5% in March, led by large-cap stocks. PYN Elite outperformed at +2.6%, despite the VND weakening 2.1% against the USD. Vietnam’s average deposit rate continued to be lower, at
At the beginning of February, the PYN Elite fund celebrated its 25th anniversary. For the past ten years, the fund has been operating in Vietnam, and during that time NAV
In February, the VN-Index surged 7.6% driven by the banking sector. PYN Elite gained only 5.2%, when Sacombank took a pause and the VND depreciated 1% against the USD. Late
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