PYN Elite +0.10% in January, slightly outperforming the VN-Index (-0.14%), driven by gains in MBB, STB, and VCI. The market had a slow start to the year with muted trading
1. Could the Vietnamese government succeed in accelerating growth to over 7% in 2025? YES 2. Is it fair to argue that Vietnam’s economic growth will continue to outperform the
PYN Elite rose +4.0% in December, outperforming the VN-Index (+1.3%). The VND continued to weaken -0.4% compared to the USD. From the beginning of 2024, the VND has depreciated -4.8%
PYN Elite’s portfolio manager, Petri Deryng, publishes a comprehensive Investor Letter four times a year, reviewing the Vietnamese market and often also global markets.
TOTAL RETURN
cumulatively on PYN Elite since the inception on 1.2.1999 until 31.1.2025. The average annual return is 16,1%.
MILLION EUROS
of assets under management in PYN Elite Fund in January 2025. PYN Elite is the largest investment fund registered in Finland investing in Asian equities.
YEARS
of experience in the Asian stock market, and also the equity fund managed longest by the same portfolio manager in Finland.
EQUITY INVESTMENT
ALLOCATION IN VIETNAM
PYN Elite has been investing in Vietnam since 2013 and today all of our equity investments are in Vietnam, which is among the fastest-growing economies in Asia.