Portfolio managers Mike Seidenberg and Walter Price give an update on the second quarter of 2022 for the technology sector and reflect on a tumultuous first half of the year. They also discuss the ongoing drivers for technology and their thoughts on the rest of the year and into next.
Against the force of rising inflation and interest rates, there has been indiscriminate pressure on tech stock valuations. Those valuations now look much more reasonable, and all eyes are on corporate earnings with a dispersion of results emerging. As economic growth continues to slow and central banks flex more muscle, investors in the technology sector need to be more discerning around which areas might struggle, and which could benefit.
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.
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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.
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.