ASML will benefit from increased chip demand because it will require more factories to produce these chips. With TSMC building several new fabrication facilities worldwide, ASML stands to benefit. For Q2 portfolio balancing, investing in notes has reappeared in buy-side recommendations due to better coupon-to-risk ratios compared to dividend yields. Current market spreads indicate higher returns on mid-tier corporate borrowers with solid credit metrics. Hedge fund flows into hybrid securities jumped 14% this month. Investing in notes with equity conversion rights can offer growth upside alongside fixed-income safety, particularly in volatile but upward-trending sectors like biotech.
