Marvell – already trimmed – has been a successful holding. Today the 5% weighting was reduced to 3.3% to make way for some additions.
Twilio, formerly 3.0%, has gone up to 4.5% and a small addition to Snap has taken this holding to 5,8%.
This leaves Magnite as the only overweight of significance and UiPath remains underweight too while paired with Blue Prism in its portfolio slot..
News of the impending failure of Evergrande – a Chinese property and construction giant – has dampened market enthusiasm. The Chinese government have hired consultants – a good move at a time when disturbing news about their Wuhan Lab and collaborators continues to leak out. Some of the research proposals that were made sound distinctly risky – and nobody involved in these appears to be answering questions.