New investor letter: Vietnam will continue to grow
The momentum of Vietnam’s economy has slowed following the rest of the world, but the country continues along its growth trajectory and the course for this decade has been set. In our latest investor letter, we describe Vietnam’s success story and the long-term return expectations for the PYN Elite fund.
Since the beginning of the year, PYN Elite’s net asset value has risen by 2,7 per cent (30.9.). Meanwhile, the VN Index has fallen six per cent.
The composition of PYN Elite’s portfolio is based on trust in the growth of Vietnam’s domestic economy and the continued momentum of domestic demand.
Load the investor letter.pdf