InvestmentsJul 30 2014

Allianz removes RCM name on its technology trust

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The RCM Technology Trust is set to change its name to the Allianz Technology Trust to remove the last of the RCM branding from Allianz’s UK retail funds

The name of the investment trust, which is managed by Walter Price and is a member of the Investment Adviser 100 Club, will change on August 18 2014, while the trust’s stock exchange ticker will be changed to ATT.

Allianz had already scrapped the RCM brand name across its range of open-ended funds in 2012 and the RCM Technology Trust had been the only remaining retail fund still using the RCM brand name, which Allianz acquired in 2001 as part of its purchase of Dresdner Bank.