Outlook for Vietnam remains robust

Vietnam’s stock market index shows positive momentum, rising 4.3% year-to-date. Over the same period, PYN Elite has outperformed the index with a 5.5% return. However, market performance has been volatile, and we expect similar fluctuations to continue throughout the year.

We see significant opportunities in the current market conditions. Individual stocks may diverge markedly in their performance, but in the bigger picture, Vietnam’s decisive political leadership, clearly defined policy objectives, strong economic growth, and earnings growth continue to support an overall upward market trajectory.

Important information regarding the text and the Fund

The attached publication is marketing material and should not be regarded as a recommendation to subscribe or redeem units of the PYN Elite Fund. Before subscribing please familiarize yourself with the Key Information Document, the Prospectus and the Rules of the Fund. The material presented in this text is based on PYN Fund Management’s view of markets and investment opportunities. PYN Elite Fund (non-UCITS) invests its assets in a highly allocated manner in frontier markets and in a small number of companies. This investment approach involves a larger risk of volatility compared to ordinary broadly diversified equity investments. The value of an investment may decline substantially in unfavorable market conditions or due to an individual unsuccessful investment. It is entirely possible that the estimates of economic development or a company’s business performance presented in this presentation will not be realized as presented and they involve material uncertainties. This publication is not meant to be read or distributed in Vietnam.

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