Vietnam Holding, a foreign investment fund focused on high-growth companies in Vietnam, reported a -2.2% performance in February, contrasting with the VN-Index’s rise. Nonetheless, the fund continues to believe in FPT, which constitutes 12.7% of its portfolio, arguing that FPT is robustly developing in AI, especially within finance, reflecting Vietnam’s emerging role in this field. This perspective is different from Pyn Elite Fund, which is also investing in Vietnam but warns about the risks in tech stocks, comparing it to the dot-com bubble of 2000. Petri Deryng from Pyn Elite pointed out that after the bubble burst, tech stocks often recovered slower. Both funds have differing investment strategies, leading to distinct views on the tech market.
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