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South African fund manager with $47 billion in assets under management reduces holdings in AI chip stocks, instead increasing exposure to Indian stock market
10 hour ago /
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Author：小编
South African asset management firm Coronation Asset Management Ltd., which manages $47 billion in assets, has cut its investments in chipmakers and increased its allocation to the Indian market amid lofty market expectations for AI-related stocks. Its $3.1 billion Global Emerging Markets fund reduced its combined stake in SK Hynix and Taiwan Semiconductor Manufacturing Co. (TSMC) from about 8% at the end of last year to about 5% in the second quarter.
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