Asia Stock Funds Cut AI Bets, Add Indonesian Banks and Chinese E-Commerce
Updated
Updated · Bloomberg · Jul 26
Asia Stock Funds Cut AI Bets, Add Indonesian Banks and Chinese E-Commerce
3 articles · Updated · Bloomberg · Jul 26
Summary
Fidelity International, BNP Paribas Asset Management, M&G Investments and Eastspring Investments are rotating into Indonesian banks, Chinese e-commerce names and Indian technology stocks as they pare AI-linked exposure.
The shift is aimed at cutting risk from increasingly volatile AI trades, with managers reducing holdings in Korean equities, semiconductors and, in M&G’s case, Taiwan.
That rotation favors laggards across Asia rather than the market’s recent AI leaders, signaling a broader search for diversification after sharp swings in semiconductor-heavy markets.