Apple’s Next iPhone Seen as Best Bet for Taiwan Top Fund Manager
- Allianz’s Liao also likes stocks linked to self-driving cars
- Apple suppliers helped propel Taiex to highest since June 2015
A customer inspects a new iPhone 7 plus.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
For Taiwan’s top-performing technology fund, Apple Inc.’s next iPhone and self-driving cars are the hottest trades for 2017.
Bullish bets that iPhone orders will boost earnings at the island’s many suppliers have helped drive Taiwan’s benchmark stock gauge to a 1 1/2 year high, while foreign investors have pumped $1.5 billion into local shares this year, the most among Asian markets tracked by Bloomberg.