PYN Elite’s performance has got a welcomed push towards the end of the year. But let’s keep in mind, that since the last peak of the Vietnam market in April 2018, VN-Index has been a poor performer. Likewise the returns of the PYN Elite fund have been clearly below the fund’s historical averages. Vietnamese stock market appears to be very attractive at current valuations for the next few years.
Here is attached Portfolio Manager’s Q & A from early December, in which we broadly view our expectations of the Vietnam’s stock market for the near future.