Franklin Templeton’s main emerging equity fund has cut exposure to memory chipmakers after their sharp rally and is instead favoring Chinese internet stocks, according to Bloomberg.
The fund’s holdings now favor Alibaba Group Holding Ltd. and Tencent Holdings Ltd. as it reduces its AI-related bets.
STOCKS | Franklin Templeton Cuts AI Bets, Favors Chinese Internet Stocks
2026-07-16 12:46:20
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