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PYN Elite Fund
PYN Elite is an actively managed equity fund that has successfully invested in the Asian stock markets for 25 years. We are satisfied with our achievements, but the fund’s story is still ongoing.
PYN Elite has been investing in Asia throughout its history. The journey began with Thailand, where the fund’s founder and portfolio manager, Petri Deryng, made the first investments in 1999. After Thailand, PYN Elite has also invested in China, Indonesia, and the Philippines. Since 2017, all our investments have been in Vietnam.
The results have been impressive: PYN Elite’s cumulative return is over 4,000 percent, with an average annual return of over 16 percent (as of January 2024). We are satisfied with our achievements, but the fund’s story is still ongoing.
PYN Elite’s goal is to continue successful investments in Vietnam until we reach our index target of 2,500 points. Now the VN Index is about 1,200 points (as of January 2024).
We chose Vietnam as the fund’s destination after a long period of monitoring. Vietnam, with its one hundred million inhabitants, is one of the fastest-growing economies in Asia. We believe that its GDP will grow at a rate of 5-7 percent in the coming years.
Vietnam is constantly looking to strengthen its position in international trade. In recent years, it has signed a total of 14 free trade agreements, including agreements with the European Union and the World Trade Organization (WTO).
Vietnam has long been an attractive investment destination for companies. In 2022, the country received nearly 30 billion U.S. dollars in foreign direct investment (FDI).
With Vietnam’s success, the country’s middle class has grown at a rate of almost ten percent annually. In our portfolio, we have emphasized companies that benefit from the growth of the domestic market and consumption.
For Vietnam’s growth, it is essential that the country invests in the basic education of its citizens. In Vietnam, mathematics education is highly valued, with over 50,000 IT engineers graduating from universities annually.
A forward-looking mindset is also evident in Vietnam’s significant investments in renewable energy sources, such as wind and solar power, which are the highest among Southeast Asian countries.
If you are interested in investing in Vietnam’s growth, you can find more information about the country’s stock markets, our investment portfolio, and the current situation of PYN Elite here. On this page, you can read the latest updates from PYN Elite’s portfolio manager and analysts. You can also subscribe to PYN Elite’s newsletter.
It’s important to remember that PYN Elite may not be suitable for short-term investments. Our fund operates in frontier markets where risks are high. We concentrate our investments on a few individual companies, and the value of the fund units may fluctuate significantly.
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