News

Vietnamese banks are making profit despite the pandemic

Petri Deryng 24.08.2020

At the moment Vietnamese banks account for a total of 32,5 percent of PYN Elite’s portfolio. Our top picks are HDB, CTG, and TPB. We increased our weighting in banks

July 2020

Maggie Yi 05.08.2020

In July, VNIndex went down 3.24% due to 1) The anticipation of 2Q’s poor earnings results and 2) The outbreak of Covid-19 in Danang in late July. VCB, VNM and

Over-reaction of the Vietnamese stock market to new COVID cases

Petri Deryng 27.07.2020

The Vietnamese stock market has reacted fiercely to the country’s new COVID-19 infections. There have been no new locally acquired infections in the country for three months and all possible

June 2020

Maggie Yi 07.07.2020

VN INDEX declined -4.6% in the month, driven by large cap such as VIC (-8%) and VCB. PYN Elite is almost flat at -0.5% in the month. Liquidity was strong

Investor Letter 2/2020

Petri Deryng 25.06.2020

The VN index return was –13.4% this year on the date of this letter. PYN Elite’s value has also declined by roughly 8% YTD. Events in financial markets has been

May 2020

Maggie Yi 12.06.2020

Vietnam stock market continued to recover in May, VN Index was up 12.4% thanks to VCB (+25.3%), VHM (+20.4%) and VNM (+16.2%) while PYN Elite’s NAV increased 7.9% because of

PYN Fund Management Ltd | P.O Box 139, 00101 Helsinki FINLAND | Tel +358-9-270 70400 | Fax +358-9-270 70409 | Business ID: 0665275-5

PYN Elite Erikoissijoitusrahasto, PYN Elite, Erikoissijoitusrahasto Elite and Elite Fund are registered trademarks of PYN Fund Management Ltd.

| Terms and conditions | Data Protection