abrdn International Small Cap Active ETF on Chenbro Micom Co., Ltd.
Thesis
Chenbro Micom continues to benefit from increased investment in AI-related infrastructure and equipment. The fund remains positive on the company's long-term prospects after strong share-price performance. The managers trimmed the position during the quarter to manage portfolio risk rather than because their fundamental view had changed.
“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.