Why Bell Global Equities Fund Continues to Favor Taiwan Semiconductor Manufacturing Company (TSM)

What happened: Bell Global Equities Fund's Q3 2026 investor letter highlighted Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as a favored holding, citing strong revenue momentum and confidence in advanced computing demand. Key numbers: Platform Class returned 5.4% versus 1.5% Why it matters: The managers favor TSMC for manufacturing leadership and its ability to benefit from demand across competing AI chip designers, with advanced packaging as an additional growth opportunity. They cite scale, customer relationships and execution of complex processes as barriers to entry. Market: +2.4% today ($1,676.60), +44.6% YTD, 0.4x vol — as of 16:47 UTC

Taiwan Semiconductor Manufacturing Company (TSM) favored by Bell Global Equities Fund.

Taiwan Semiconductor Manufacturing Company (TSM) favored by Bell Global Equities Fund. — impact context not separately stored; see What changed.