Finnish fund PYN Elite is heavily betting on Vietnamese banking stocks.
The PYN Elite's allocation to Vietnamese banks represents a strategic investment as local banks tend to have sector-specific rallies in cycles of a few years, the fund says.
At the end of August, out of the fund’s 10 largest holdings, six were banks: Sacombank, MBBank, TPBank, HDBank, VietinBank, and OCBank. They had a combined weight of 50.1%.
Read the full analysis HERE.