Softbank (9984 JP) – Focus on the SVFs, Are the Private Companies Appropriately Marked?
The NAV could be 10%-15% lower than stated now at the mid-May results release, due to a further squeeze in private company valuations; this would...
TSMC: Crowded Trade?
Active EM managers are heavily positioned in TSMC. It is the largest portfolio holding for 64.6% of the funds in our analysis. But is the risk of...
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