Coronation Trims TSMC, SK Hynix Exposure and Boosts India Stocks
Macro·1 article across 1 outlet
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Coronation Asset Management Ltd., which oversees $47 billion, has trimmed its exposure to chipmakers and increased its allocation to India, as expectations for artificial intelligence stocks have risen to levels that are nearly impossible to beat.
The firm is responding to the heightened AI hype by reallocating its investments, reflecting a strategic shift in its portfolio management.
Coronation Asset Management
Sources
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“Coronation Asset Management Ltd., which oversees $47 billion, has trimmed its exposure to chipmakers and increased its allocation to India, as expectations for artificial intelligence stocks have risen to levels that are nearly impossible to beat.”
Bloomberg — Coronation Trims TSMC, SK Hynix on AI Hype, Boosts India Stocks