BlackRock's Stefan Gries on why 2020 posed 'real test' for conviction in semiconductor market

Co-manager of Greater Europe IT

clock • 2 min read
Stefan Gries co-manages the BlackRock Greater Europe IT
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Stefan Gries co-manages the BlackRock Greater Europe IT

The co-manager of the £562m BlackRock Greater Europe investment trust said that the market selloff in early 2020 presented a “real test” of their investment philosophy and had him questioning the portfolio’s exposure to the semiconductor ecosystem.

But Stefan Gries, who co-manages the trust alongside Sam Vecht, said they instead took the opportunity to add to some of the semiconductor positions and there is now "better visibility" of that market...

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