Allianz Tech trust's Price and Seidenberg review past and future potential

Seidenberg takes reins in July

Kathleen Gallagher
clock • 4 min read
Walter Price is stepping down managing the trust
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Walter Price is stepping down managing the trust

In July this year, the £1.2bn Allianz Technology trust will be handed over to Mike Seidenberg, who takes on the management at a challenging time, following in the footsteps of Walter Price, who has led the trust since 2007.

Both managers sat down with Investment Week to discuss how technology trends have changed over the past years and what is next for the trust. From the beginning of 2007 until the end of 2021, the Allianz trust returned an eyewatering 1,582.6%, double that of the Association for Investment Companies Technology and Media sector at 759.3%, according to FE fundinfo. The MSCI ACWI information technology index meanwhile, returned 982.8%. "Technology was a somewhat popular sector," said Price, speaking about when he took on the management of the trust in 2007. "The fund itself had come throu...

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