Momentum for the Vietnamese stocks is still on

— 24.06.2021

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