RCM Tech trust poised to pounce with excess cash

clock

The RCM Technology trust is currently holding higher levels of cash in preparation for opportunities created by further market falls.

Walter Price, manager of the £55.1m trust, says a number of technology sector segments are looking attractive despite a downturn in economic activity – including consumer-related technology, solar power and strong internet growth in China. “We cannot ignore the economic environment we are in and the fact the full impact of last year’s liquidity crisis may not yet have been felt,” Price says. “As a result we are likely to see company information technology budgets for 2008 under close scrutiny and, in many cases, cut. "However, in these more difficult times, investors have historically f...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read