London’s first ‘technology week’ launched to much fanfare recently, with the city being described as the “digital capital of Europe”. But like it or not, what really matters to investors is not Silicon Roundabout but Silicon Valley, says Laura Shannon in The Mail on Sunday.
The portfolio of stocks held by Walter Price, manager at Allianz, proves the point. “US companies make up 85% of the trust”, with Chinese firms second at 4%.
San Francisco-based Price thinks US tech firms are at the forefront of a “seismic shift” in the sector. The rise of cloud computing (where firms and individuals [...]
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