In this investor letter we are trying to illustrate with few key data series our views of the outlook for Vietnamese stocks and PYN Elite Fund.
We hope you will find these charts and tables useful to deepen your understanding, where we are at the moment and what possibilities lie ahead of us.
In a year and a half, since the beginning of 2020, PYN Elite Fund is up +60%. The Covid-19 epidemic has challenged investors, however, we have been able to generate positive absolute returns. We believe good momentum can carry on. We are excited about PYN Elite’s portfolio’s rotation moves that build expectations for the rest of the year 2021 and 2022.
Investor letter 2/2021.pdf
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.