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Coronation Asset Management Cuts Chipmaker Holdings from 8% to 5% in Q2, Shifts to India

2026-07-17 07:11:24

SK Hynix-11.52%

According to Bloomberg, South African asset manager Coronation Asset Management reduced its combined position in chipmakers SK Hynix and Taiwan Semiconductor Manufacturing Company from approximately 8% to 5% in the second quarter. The $31 billion emerging markets fund increased its India market allocation as market expectations for artificial intelligence-related stocks have reached elevated levels.

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