Q2 2020 Shareholder Video Update

Q2 2020

Following the Allianz Technology Trust AGM video update in May, Mike Seidenberg has recorded a short update to cover off events over the second quarter of the year to the end of June. Remaining lockdown restrictions mean Mike has recorded this update from his home office in the US.

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Podcast

Technology and the ‘new normal’

23/07/2020

Walter Price and Mike Seidenberg discuss the current state of the technology sector. Covid is certainly accelerating the adoption of certain technologies through new ways of working and consumer interaction. The managers talk about trying to find the companies that will benefit from that trend.

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Warning to Shareholders

We are aware that some shareholders may have received unsolicited telephone calls or correspondence concerning investment matters. These are typically from overseas based organisations who target UK shareholders offering to sell them, what often turn out to be, worthless or high risk shares in US or UK investments. They can be extremely persistent and persuasive. Shareholders are therefore advised to be very wary of any unsolicited advice or offers.

Please note that it is most unlikely that either the company or the company’s Registrar, Link Asset Services, would make unsolicited telephone calls to shareholders. Any such calls would only ever relate to official documentation already circulated to shareholders and never in respect of investment ‘advice’.

If you are in any doubt about the veracity of an unsolicited telephone call, please call the Company Secretary +44 (0)800 389 4696 or the Registrar on +44 (0) 371 664 0300.

You can also report and get advice about fraud or cyber crime by contacting Action Fraud – National Fraud & Cyber Crime Reporting Centre 0300 123 2040 and visiting their website at www.actionfraud.police.uk.

Welcome to Allianz Technology Trust

The award-winning Allianz Technology Trust offers investors access to the fast moving world of technology, the single greatest contributor to global growth. The Trust is managed by Walter Price and the AllianzGI Global Technology Team based in San Francisco. The team benefits from its close proximity to Silicon Valley where many of the world’s key technology companies are headquartered.


Share Price is the price of a single ordinary share, as determined by the stock market. The share price above is the mid-market price at market close.
Share Price
2340.0p


Net Asset Value (NAV) per Share is calculated as available shareholders’ funds divided by the number of shares in issue, with shareholders’ funds taken to be the net value of all the company’s assets after deducting liabilities. The NAV figure above is based on the fair/market value of the company’s long-term debt and preference shares (known as debt at market value). This allows for the valuation of long-term debt and preference shares at fair value or current market price, rather than at final repayment value (known as debt at par).
NAV per Share
2443.5p


Premium/Discount. Since investment company shares are traded on a stock market, the share price that you get may be higher or lower than the NAV. The difference is known as a premium or discount.
Premium/-Discount
-4.2%


Dividend Yield is calculated using the latest full year dividend divided by the current share price. Allianz Technology Trust does not currently pay a dividend.
Dividend Yield
0.0%

Data source DataStream and Allianz Global Investors as at 24.09.2020 based on market close mid price.
Insights from Silicon Valley

Driving electric

We take an updated look at electric vehicles in light of new government stimulus packages around the world – all eyes have been on Tesla over the past year as its shares have risen fast. India is moving online at an incredible pace – this has piqued the interest of some of the big tech players.

Our Awards

The Trust has received a number of high profile and prestigious awards in recent years. Some awards represent the views of industry experts while others are voted for by individual investors who buy stocks and shares. All are instrumental in raising awareness of the Trust and the investment potential of the technology sector as a whole.

A ranking, a rating or an award provides no indicator of future performance and is not constant over time.

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Portfolio and Performance

Click here for detailed information about the Trust’s portfolio and its past performance, including the most recent month-end commentary. Please remember that past performance is not a reliable indicator of future returns.

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Find out more about...

© Allianz Global Investors GmbH 2020, Registered Office: Frankfurt am Main, Register: HRB 9340, Local court: Frankfurt am Main. All Rights Reserved. Allianz Technology Trust PLC is incorporated in England and Wales. (Company registration no. 3117355). Registered Office: 199 Bishopsgate, London, EC2M 3TY. VAT registration no. 678 1784 81. The Company is a member of the Association of Investment Companies - Category: Sector Specialists - Technology, Media & Telecoms.