abrdn International Small Cap Active ETF on Elite Material Co., Ltd.
Thesis
Elite Material continues to benefit from increased investment in AI-related infrastructure and equipment. The fund remains positive on the company's long-term prospects despite substantial share-price appreciation. Strong performance led the managers to trim the holding during the quarter as part of disciplined portfolio risk management rather than because of a deterioration in the investment case.
“all of which continue to benefit from increased investment in AI-related infrastructure and equipment.”
Key risks
- Strong share-price appreciation led the fund to trim the position for portfolio risk management.