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PYN Bullish on Vietnamese Banks

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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 fundโ€™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.

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