A total of VND1.5 trillion (US$64.4 million) worth of capital has been poured into the local exchange-traded fund VFMVN Diamond ETF in December, largely from top investment funds such as Dragon Capital and Pyn Elite Fund.
The Finnish investment firm Pyn Elite Fund has reported its net asset value increased by 11 per cent in November and a total of 15.9 per cent so far this year.
The Finland-based Pyn Elite Fund has announced it will buy 61,750 shares of CMC Group (CMG) to bring its ownership at the group to 5.08 per cent (equivalent to 5.08 million shares).
MWG, one of the biggest mobile phone and accessory retailers in Viet Nam, has occupied a large proportion in the investment portfolios of Pyn Elite Fund and Dragon Capital for many years.
Since early February the ASEAN Deep Value Fund
has been acquiring more shares of Hong Ha Viet Nam Joint Stock Company
(PHH) and Thanh Nam Investment and Construction Joint Stock Company
(CSC).
Finland''s PYN Elite Fund (Non-Ucits) bought 3,662,580 shares of Duc
Long Gia Lai Group JSC (DLG), increasing its holding to 17,216,110
shares, a 10.18 per cent stake, from January 12
PYN Elite Fund (Non-UCITS), managed by Finnish PYN Fund Management Ltd,
has been actively buying shares in many real estate companies in Viet
Nam with an eye to the future.