Despite recent political uncertainty, fund managers remain overweight on Taiwan equities, according to a recent poll by Dow Jones Newswires.
Fund managers say they are 16 percentage points overweight in Taiwan stocks this month, the same as last month.
They were between 12 and 20 percentage points overweight in January and February, respectively.
US bonds and Malaysia equities were the top investment recommendations from eight leading fund management firms in Asia, according to the poll. The recommendations were for the next 12 months.
In the Dow Jones' monthly survey of the eight firms, fund managers recommended an extremely overweight position in US bonds, more than doubling their weighting recommendation from a month ago.
At the same time, the fund managers recommended a heavy weighting in Malaysian shares ahead of Malaysia's return to Morgan Stanley Capital International's global indexes at the end of May.
The big loser in the survey was Singapore, where fund managers suggested going very underweight. In addition, they recommend underweight cash, after last month's survey suggested a neutral position.
Every month, Dow Jones polls eight fund management firms with large Asian operations to get their portfolio recommendations for the coming 12 months.
In Asia, Japan remains the top pick for equities, with a very overweight recommendation. Japanese bonds, however, remain unloved and should be underweighted, the survey shows.
Indocam Asset Management holds an "increasing negative view on Japanese bonds," particularly compared with appealing prices for US debt.
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market. Huang, who arrived in Taiwan yesterday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), took the opportunity to clarify recent comments about the US-China AI race. The Nvidia head caused a stir in an interview this week with the Financial Times, in which he was quoted as saying “China will win” the AI race. Huang yesterday said
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
Japanese technology giant Softbank Group Corp said Tuesday it has sold its stake in Nvidia Corp, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based Softbank said it sold the stake in Silicon Vally-based Nvidia last month, a move that reflects its shift in focus to OpenAI, owner of the artificial intelligence (AI) chatbot ChatGPT. Softbank reported its profit in the April-to-September period soared to about 2.5 trillion yen (about US$13 billion). Its sales for the six month period rose 7.7 percent year-on-year
MORE WEIGHT: The national weighting was raised in one index while holding steady in two others, while several companies rose or fell in prominence MSCI Inc, a global index provider, has raised Taiwan’s weighting in one of its major indices and left the country’s weighting unchanged in two other indices after a regular index review. In a statement released on Thursday, MSCI said it has upgraded Taiwan’s weighting in the MSCI All-Country World Index by 0.02 percentage points to 2.25 percent, while maintaining the weighting in the MSCI Emerging Markets Index, the most closely watched by foreign institutional investors, at 20.46 percent. Additionally, the index provider has left Taiwan’s weighting in the MSCI All-Country Asia ex-Japan Index unchanged at 23.15 percent. The latest index adjustments are to
RSS