BRIEF-Cathay Financial's Fund Arm: We Maintain High Confidence in Taiwan Stocks As AI Boom Persists

- Cathay Securities Investment Trust, the fund arm of Cathay Financial Holding Co Ltd 2882.TW and Taiwan's biggest fund manager, has T$3.21 trillion ($101.6 billion) of client assets under management.

They made the following comments at a news briefing on Monday:

  • GIVEN THAT THE AI TREND IS STILL GOING STRONG, WE STILL HAVE HIGH CONFIDENCE IN TAIWAN STOCKS

  • SLUMPS ON (FRIDAY AND) MONDAY IN U.S., S. KOREA, TAIWAN CHIP STOCKS ARE DUE TO PROFIT TAKING, AS THEY HAVE SURGED MORE THAN 80% YEAR TO DATE

  • IF THE FED RAISES INTEREST RATES, IT WOULD BE A PREVENTATIVE MEASURE (TO CURB INFLATION). WE EXPECT THAT ANY POSSIBLE INCREASE WOULD BE LIMITED IN SCALE

Source text: [ID:]

Further company coverage: 2882.TW