🔴 Broadcom ETF (AVGY.TO) is trading 3.16% down as Broadcom weakness pressures its concentrated portfolio

AVGY.TO is trading at CA$16.25 (-3.16%), with concentrated Broadcom exposure weighing on the fund.

• The fund reports 127.3% exposure to Broadcom, whose shares fell amid the tech selloff.
• Disappointing Alphabet results and Samsung semiconductor news revived doubts about AI-spending returns, pressuring technology and chip stocks.
• Broader Nasdaq weakness added pressure; the move is most directly linked to AVGY.TO’s concentrated semiconductor exposure.