Allianz Technology Trust (ATT) 2017年年度报告「LSE」.pdf

1、1Allianz Technology Trust PLCAnnual Financial Report30 November Allianz Technology Trust PLC Annual Financial Report for the year ended 30 November 2017Allianz Technology Trust PLC Annual Financial Report for the year ended 30 November 2017Key InformationInvestment objectiveAllianz Technology Trust

2、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 Jones World Technology Index(sterling adjusted,total return)(the benchmark).Investment policyThe investment policy

3、of the Company is to invest in a diversified portfolio of companies that use technology in an innovative way to gain a competitive advantage.Particular emphasis is placed on companies that are addressing major growth trends with innovation that replaces existing technology or radically changes produ

4、cts and services and the way in which they are supplied to customers.What constitutes a technology stockThe investment management team views technology companies as those with revenues primarily generated by the application of technology products and services.This is divided into two areas:Tradition

5、al telecommunications,media and technology(TMT)segments which include Internet,computers and computer peripherals,software,electronic components and systems,communications equipment and services,semiconductors,media and information services.Non-traditional tech companies which are those in various o

6、ther industries that use technology in an innovative way to gain a strategic,competitive edge.As technology becomes ever more pervasive,it is increasingly difficult to differentiate between technology companies and significant adopters as outlined above.Much is spoken of disruptive technologies thos