VN Index +6.2% in August, lifted by VCB, BCM, and consumer stocks. PYN Elite +1,9 %, as our turnaround stocks VRE and ACV took a pause and dampened our performance.
Vietnamese financial news media CafeF has published an interesting article about PYN Elite Fund and the portfolio manager Petri Deryng. CafeF goes through the early years of the fund in
Credit rating agency Moody’s and the World Bank have recently raised their forecasts for Vietnam’s GDP growth for 2022. Moody’s expects 8.5 percent growth and the World Bank 7.7 percent.
Vietnam’s stock market had a bumpy start to July as the VN-Index fell to a 17-month low of 1149 points on July 6th. It then started bottoming out and recovered
VN-Index -7.4% in June due to weak performances of bank, brokerage, steel and real estate stocks. PYN Elite -7.9%. As of 6 months, VN-Index shed around 20%. MSCI’s All-Country World
Maggie Yi from the portfolio team of PYN Elite was recently interviewed by Inderes. In the video interview Maggie talked about the recent turmoil in the market but also about