Investor Letters

Investor Letter 2/2019

In the middle of the holiday season, perhaps these investment related questions occupy the vacationer: what could kick start a new substantial performance for PYN Elite’s value? When can we expect the VN Index to bolt up to new levels?…

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Investor Letter 4/2018

Portfolio Manager Deryng’s Investor Letter in December 2018, commenting on key investments and discussing the significance of the stock market decline in the end of the year.

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Investor Letter 3/2018

Portfolio Manager Petri Deryng’s Investor Letter in October 2018, which looks at the prospects of key portfolio companies in PYN Elite and draws conclusions from the last five stock market crashes.

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Investor Letter 2/2018

Portfolio Manager Petri Deryng’s Investor Letter in July 2018, reviewing the fall of Vietnam’s stock market and PYN Elite from their peak in the spring.

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Investor Letter 1/2018

Portfolio Manager Petri Deryng’s Investor Letter in March 2018 reviewing recent developments in the Vietnamese stock market compared to Thailand and the investment strategy of PYN Elite.

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