Maggie Yi in Inderes interview – consumer sector is booming

Maggie Yi, a member of PYN Elite’s portfolio management team, dropped by the Inderes studio during her visit to Helsinki to talk about the outlook for Vietnam. “I spent a lot of time in northern Vietnam in April, and Hanoi is now one big construction site.”

According to Maggie, the Vietnamese government’s infrastructure investments are exceptionally large, and this time the changes are happening fast. The government’s goal is to accelerate GDP growth to ten percent. Among PYN Elite’s portfolio companies, steel producer HPG is one of the beneficiaries of these infrastructure investments.
According to Maggie, consumer-sector companies in Vietnam are also posting strong results. As an example, Maggie mentioned MWG, whose earnings grew 75 percent in the first quarter.

Inderes’s Sara Antonacci conducts the interview, and it is in English.

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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