In April, the investment results of Pyn Elite Fund were lower than the general market level due to the lack of shares of Vingroup and Hoa Phat while the banking group showed signs of slowing down.
Pyn Elite Fund has just released its investment report in April. Last month, the fund’s performance reached 0.65%, lower than the 4% increase of the VN-Index.
The stocks that contribute the most to Pyn fund’s overall performance are VN Diamond ETF (up 10%), MBB (8%) and HDB (3%). The remarkable increase rate of VN-Index in April came from blue-chips such as NVL (63%), VIC (11%) and HPG (24%).
Judging from Pyn Elite Fund, the investment results are lower than the general market level due to the lack of shares of Vingroup and Hoa Phat while the banking group shows signs of slowing down. Along with that, VEA shares fell 7.5% MoM due to slow recovery of car sales.
In the first 4 months of this year, the rate of return on investment of Pyn Elite Fund reached 5.81%, while the VN-Index increased by 12.72%. By comparison, this result is significantly lower than some big funds in the market such as VEIL of Dragon Capital, VOF of VinaCapital or VFMVN Diamond ETF. In terms of size, assets under management (AuM) of Pyn reached 638.1 million USD.
Top10 of Pyn Elite Fund’s biggest investments. Source: Pyn Elite Fund.
Regarding the investment portfolio of Pyn Elite Fund, shares of VHM of Vinhomes lead with a weight of 13.6%, followed by VFMVN Diamond ETF (10.3%). Among banks, MBB of MB rose to third in terms of proportion with 9.6%, Banking codes with over 8% weight such as CTG (8.7%), TPB (8.9%) ) and HDB (9.3%). The largest investments also include VEA, VRE, ACV and NLG.
Although the investment results are not very likely, the head of Pyn still has a relatively optimistic view on the general market. At the end of April, Mr. Petri Deryng, portfolio manager of Pyn Elite Fund (Finland) has just commented on Vietnam stock market.
According to Mr. Petri Deryng, the Pyn fund is underperformed (underperformed) compared to the general level of the market. The leader admitted that Pyn Elite Fund had missed the “wave” of steel when there was no steel stock in its portfolio.
Source: vietnambiz.vn – Translated by fintel.vn