Allianz Technology Trust (ATT) 2021年年度报告「LSE」.pdf

1、Annual Financial Report,31 December 2021Allianz Technology Trust PLCInvestment objectiveAllianz Technology Trust PLC(the Company)invests principally in the equity securities of quoted technology companies on a worldwide basis with the aim of achieving long-term capital growth in excess of the Dow Jo

2、nes World Technology Index(sterling adjusted,total return)(the benchmark).Investment policyThe investment policy of the Company is to invest in a diversified portfolio of companies that use technology in an innovative way to gain competitive advantage.Particular emphasis is placed on companies that

3、are addressing major growth trends with innovation that replaces existing technology or radically changes products and services or the way in which they are supplied to customers.What constitutes a technology stockTechnology has become a vast and diverse sector.It encompasses those companies that se

4、ll technology solutions from cloud storage to component manufacturers to software developers but also those for whom technology is an intrinsic part of their business the car makers or ecommerce groups using technology to gain a competitive advantage.In this way,technology stocks may sit across mult

5、iple sectors,including healthcare,industrials or financial services.As technology becomes ever more pervasive,the lines between technology companies and significant adopters are increasingly blurred.Even where companies arent selling technology,technology may be intrinsic to their success as a compa

6、ny.More companies are becoming technology companies all the time as disruptive innovation brings change and displaces incumbent market leaders.The challenge is to understand not only current technologies,but also future trends and the likely effects.Asset allocationThe investment managers do not tar