RCM Technology Trust to boost exposure to derivatives

The RCM Technology Trust has announced plans to use derivatives in itsinvestment approach and is al...

The RCM Technology Trust has announced plans to use derivatives in itsinvestment approach and is also proposing a bonus issue of SubscriptionShares. RCM, the global equity arm of Allianz Global Investors, took overthe management of the Trust in May this year. It is proposing to introduce a "sensible level of exposure to derivatives" to boost returns and improve theportfolio’s risk-return profile. The Board will also propose a bonus issue of Subscription Shares. Followingapproval, qualifying shareholders will each receive, without payment, oneSubscription Share for every five Ordinary Shar...