Allianz Technology Trust: technology, tariffs and taking the right risks

Mike Seidenberg, lead portfolio manager on the Allianz Technology Trust (ATT), sees market volatility as an opportunity to buy long-term tech holdings at attractive valuations. Recent tariff-related uncertainty has prompted cautious adjustments, reducing riskier, high-growth positions in favour of cash-generative, earnings-driven companies. The trust remains diversified across sectors, styles, and growth tiers to manage risk effectively. Seidenberg stresses that fundamentals will eventually regain importance, at which point growth exposure may rise again. Looking forward, the team are actively researching and taking a view on emerging technologies that are underpinned by habitual behaviour and the younger generation. The trust's strategy remains focused on capturing emerging technology trends through disciplined, risk-aware portfolio management.