Tantallon Tech & Sustainability Fund Report, February 2025
The fund fell 4.9% in February as semis and high multiple tech stocks de-rated in a jittery US market that attempted to digest a barrage of changes in the new administration’s trade, foreign and domestic policy. The markets in HK/China, Europe and Japan benefited from a rotation out of the US. Most of our gains came from our exposure to these markets while Taiwan tracked US tech lower.