Talking Tech with Mike Seidenberg of the Allianz Technology Trust
MoneyWeek editor Andrew Van Sickle talks to Mike Seidenberg, lead Portfolio manager of the Allianz Technology Trust, to gauge the outlook for tech stocks and the wider industry.
The technology sector has come a long way since the dotcom bubble of 2000-2002. The likes of Apple, Amazon and Facebook-owner Meta spearheaded a global stockmarket rally for a decade after the financial crisis. But last year the industry fell into a severe bear market, with the Nasdaq Composite index, a key technology benchmark, slumping by a third.
This year, tech has bounced back, but it is a false dawn? MoneyWeek editor Andrew Van Sickle talks to Mike Seidenberg, lead Portfolio manager of the Allianz Technology Trust, to gauge the outlook for tech stocks and the wider industry. The trust manages $1.3bn and has handily outstripped its benchmark, the Dow Jones World technology index, over the past decade. This webinar delves into the most promising subsectors of the industry (including AI and cybersecurity) and assesses related investment opportunities. Tech remains a sector with a compelling structural-growth story, regardless of potential further turbulence in the short term.