Allianz Technology (ticker: ATT) was launched in 1995 and was initially managed by Finsbury Asset Management. In 2007, it switched management firm to Allianz, with Walter Price taking on the lead role. Price retired in 2022, handing over to Mike Seidenberg, who has worked on the trust since 2009. Just before Price stepped down, Allianz merged its US fund management business with Voya, although the trust continues to be managed from the same office in San Francisco. ATT holds a relatively concentrated portfolio of global technology companies, although around 90% of its holdings are listed in th...
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Polar Capital Technology (ticker: PCT) began trading in 1996 as a roll-over vehicle for TR Technology Trust. It was initially called Henderson Technology but in late 2000 its managers left Henderson to set up a new company called Polar Capital. The trust stuck with them and appointed Polar Capital as its new management firm. Ben Rogoff, PCT's current lead manager, joined Polar Capital in 2003 and has been responsible for running its portfolio since 2006. PCT's shares are currently around 1,900p, representing an annualised gain of 12% since its IPO, although they have fallen from a peak of arou...
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Allianz Technology Trust has been one of the best performing trusts over the last decade. Its management team is based in San Francisco, close to many of the world's best-known technology companies and lead manager Walter Price has specialised in the sector since the 1970s. While technology has undoubtedly been a great place to invest in recent times, the trust has maintained a comfortable lead over its benchmark ever since Allianz was appointed in 2007. However, the rotation towards cyclical stocks we've seen in the past several months has seen its discount to net assets widen to high single ...
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Jonathan Davis Stuart Watson's fund profile this weekend looks in depth at the Bluefield Solar Income fund, one of the first renewable energy trusts to be listed on the London market. My market review video has been deferred for a couple of days, but my notes this week start with the latest performance reviews from Numis and Winterfloods, the most prolific of the big brokers that cover the investment trust sector.
Investment trust developments YTD The latest investment trust market reviews by Numis (quarterly) and Winterfloods (monthly) provide plenty of useful in-depth information about prog...
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For premium subscribers we periodically do podcast interviews with fund managers and analysts about current market conditions and funds (occasionally shares) that we invest in. This one is with Mike Seidenberg, who has worked alongside Walter Price as co-manager of the Allianz Technology Trust since 2009 and is responsible for analysing their software holdings in particular. The transcript is a lightly edited version of an original hourlong recording. It is a long read, but one which I found helpful and may be also to you if you are interested in deciding whether to continue with your technol...
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