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.
Portfolio Manager and Board Member, born 1961. Petri is the founder of PYN Fund Management. He has been a portfolio manager for the PYN Elite Fund since its inception in 1999. Petri has been quoted among the most successful portfolio managers in Finland and Europe. By Citywire, Morningstar and Arvopaperi Magazine. He has 30 years of experience in visionary and successful equity investing. Prior to starting as a full-time portfolio manager, Petri worked as an entrepreneur in the media industry in radio and television program productions. Petri is a graduate of economics. Petri has been living in Asia for a long time on the target markets for PYN Elite investments. In addition to investment, important things in his life are family, sea and fishing, as well as skiing, walking and cycling.