Foreign Fund Manager Sees Asian and Taiwan Tech Stocks Benefiting From AI Boom

The latest rally in Asian technology stocks has been driven by corporate earnings and demand for AI infrastructure, with chip and server supply chains benefiting from sustained investment by U.S. technology giants. The First Sentier Asia Pacific equity income fund, distributed by Fuh Sheng Securities Investment Consulting, said broader Asian markets trade at about 13 times earnings, close to their 20-year average and below the U.S. market’s multiple of more than 20. That highlights the valuation advantage of markets including Taiwan.

Fund manager Sam Konrad said during a visit to Taiwan on June 10, 2026, that the recent movement in Asian stocks was a correction rather than a market peak. He expects earnings to continue exceeding market expectations through 2028. The concentrated fund holds just 26 stocks, with 30% allocated to Taiwan and major positions in TSMC, MediaTek, Hon Hai and Quanta. It also has more than 15% invested in materials and defense stocks.