Top Greater China Fund Raises Concern Over TSMC After Buffett
- UPAMC fund is No. 1 performer among 144 peers in past decade
- Maintaining ROE will be tough for TSMC in 5-10 years: Lin
This article is for subscribers only.
A top Greater China fund is joining Warren Buffett in voicing concerns over Taiwan Semiconductor Manufacturing Co.
Uni-President Asset Management Corp.’s Derek Lin, whose fund has earned 11.6% annually for the past 10 years, said he held off on buying more of the chipmaker’s shares during a pullback in early 2023. While Buffett was wary of the company’s exposure to geopolitical risks, Lin reckons its softening return on equity is even more alarming.