Northcape Capital Global Emerging Markets Fund has loaded up on shares of telecommunications and IT servicing firms which are seen as prime beneficiaries of the global shift to AI technology.
A top-performing fund focused on developing economies is betting on artificial intelligence-related stocks while steering clear of Chinese equities in a bid to maintain its double-digit returns.
Northcape Capital Global Emerging Markets Fund Bets on AI-Related Stocks bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Top Emerging Market Fund Beating 96% of Peers Is Betting on AI-Related Stocks bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The shares closed unchanged at the listing price of 875 rupiah, after tumbling earlier to hit the lower daily limit of stock movement set by the exchange