Top Emerging Fund Says Chip Stocks Are Best Hedge for War Risks

Asian high-end technology stocks offer the best hedge against the prospect of a prolonged Iran war, according to an emerging-markets equity fund that’s beaten 96% of its peers over the past year.

The Robeco Emerging Stars Equities fund has more than 40% of its assets in South Korean and Taiwanese shares, reflecting its view that chipmakers tied to artificial intelligence will retain their pricing power even in a downturn, according to client portfolio manager Jan de Bruijn.