Petri Deryng has managed the PYN Elite Fund for 25 years.  His fund has already offered a whopping cumulative return of over 4700%.

“The historical annual return is 16.4%. So if you put 10,000 euros in the fund 25 years ago, which is the required minimum investment, it has swelled to a pot of 400,000 euros by today,” writes journalist Merja Saarinen in Helsingin Sanomat, Finland’s prime newspaper.

The article reviews the fund’s foundation in 1999, its beginnings in Thailand, and its move to Vietnam. It also reflects on Deryng’s selection of stocks for the fund’s portfolio.  Saarinen points out that the goal is to find undervalued or value companies.

“The ability to give up is also essential.  Sometimes it’s better to admit your losses and sell the bad stocks.” Saarinen also adds that PYN Elite’s funds will not be in Vietnam forever and that Deryng already has an exit goal.

 “When the Vietnam stock market reaches 2,500 index points, it’s time to move investments elsewhere.  Now the VN index moves around 1200 points. Deryng considers it realistic that the goal could be fulfilled within three or at least five years,” Saarinen writes.

So, in which country will the money be invested next, Saarinen asks?

 “No idea. There is still time for things to happen in the world even in three years. They decide which market interests us next,” Deryng explains.

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 its investments have been in Vietnam.

PYN Elite is one of the Gold Sponsors of the Annual Independence Day Gala organized by TFCC and the Embassy of Finland.

Click HERE for more.