Allianz GI's Price: How Trump policies can boost tech sector

Proposed lower taxes and cash repatriation

Walter Price, who is due to celebrate his tenth anniversary as manager of the £230m Allianz Technology investment trust in April, has said the sector could receive long-term support from US President Donald Trump's proposed policies, such as lower corporate taxes and repatriation of overseas assets.

While attention has focused on the shift to value stocks following Trump's victory, the technology sector has also had a strong run, with the Nasdaq breaking through record highs last week. Price (pictured) commented: "Everybody thought we had to pull out of tech stocks and go into financials following the election result, but that trade has run its course and people are back to focusing on which companies are generating earnings growth. "Instead, we expect technology companies to benefit from proposed policies such as lower taxes and cash repatriation. Many US tech firms have around ...