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Allianz Technology Trust PLC on Monday said it had a ‘good year’ in 2025, outperforming its benchmark, despite a ‘febrile’ geopolitical backdrop. The technology-focused investment trust said its net asset value per share shot up 25% to 571.7 pence at the end of 2025, from 458.6p a year prior. Allianz Technology Trust shares were up 0.3% to 531.75 pence each on Monday morning in London. It has a £1.86 billion market capitalisation. Allianz reported an absolute net asset value return of 25%, beating the 20% growth recorded by its benchmark, the Dow Jones World Technology Index. The trust had returned 36% in 2024. The firm said: ‘2025 saw its fair share of volatility resulting from the febrile global geopolitical backdrop and sporadic bouts of nervousness surrounding the valuations of the listed technology companies the Trust invests in. Nonetheless, it has been a positive year for us.’ Looking ahead, Chair Tim Scholefield said that volatility is expected as ‘investors continue to get over-excited and then over-fearful in turn’. ‘An AI ’bubble’ has been called multiple times this past year, and the market reacted accordingly,’ Scholefield said. ‘Volatility will also likely be driven from outside the sector by an increasingly fraught geopolitical environment. A new world order appears to be emerging, and disagreements and posturing are becoming increasingly uncomfortable, and could spill into wider global conflict with profound market implications.’ In 2025, it bought back a total of £125.0 million worth of shares and noted a further £21.4 million since the year end. The firm said it will seek shareholder approval to buy back up to 15% of its issued shares at its forthcoming annual general meeting. The AGM will be held on April 23. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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