Asia Fund Beating 95% of Peers Is Bullish on Chip Gear Makers

The article discusses the performance of an Asia-focused fund that has outperformed 95% of its peers. The fund's manager is bullish on semiconductor equipment makers, despite the fact that Chinese chipmakers are trading at a four-year high compared to their US counterparts. The fund has benefited from its investments in semiconductor equipment suppliers, which are seen as having more attractive valuations and growth prospects than the chipmakers themselves. The manager believes that the global chip shortage and ongoing demand for electronic devices will continue to drive strong growth in the semiconductor industry, and that equipment suppliers are well-positioned to capitalize on these trends. The article highlights the fund's focus on identifying undervalued stocks with solid growth potential, rather than simply chasing the highest-flying names in the semiconductor sector. This approach has allowed the fund to outperform the broader market and its peers, even in a challenging and volatile environment.