Page 33 - DIY Investor Magazine | Issue 34

There is concern from policymakers and companies across the globe that retaliation for Western sanctions may take the form of similar cyber attacks on key infrastructure in the US, UK and Europe.
We are seeing greater spending commitments from global governments - Australia, for example, recently announced that its electronic spy agency will double in size - and from the corporate sector - a recent survey by the UK’s Department
for Culture, Media and Sport found that almost 70% of financial sector companies had sought outside assistance or information to deal with cyber threats.
To our mind, these threats are real and those companies and governments that haven’t already increased cyber-spending will need to do so.
This is improving an already strong environment for cyber security companies.
There is also pressure from governments, who need to make sure that key infrastructure - such as banking or utilities - meets certain minimum standards of cyber security.
1 https://Finance.Yahoo.com/news/traders-bet-ecb-hike-interest-082038763. html
2 https://InsideEVs.com/news/563506/tesla-transition-ess-lfp-batteries
3 https://FT.com/content/6f9fd669-e201-4d51-8a73-1d7af92ec934
More information about Allianz Technology Trust here >
ALLIANZ TECHNOLOGY TRUST - UPDATE AND SECTOR OUTLOOK
All sources Allianz Global Investors GmbH unless otherwise noted. This is no recommendation or solicitation to buy or sell any particular security. A security mentioned as example above will not necessarily be comprised in the portfolio by the time this document is disclosed or at any other subsequent date. Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors may not get back the full amount invested. Past performance is not a reliable indicator of future results. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer and/ or its affiliated companies at the time of publication.
This is a marketing communication issued by Allianz Global Investors GmbH, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, D 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt fr Finanzdienstleistungsaufsicht (www.bafin.de). Allianz Global Investors GmbH has established a branch in the United Kingdom, Allianz Global Investors GmbH, UK branch, 199 Bishopsgate, London, EC2M 3TY, www.allianzglobalinvestors.co.uk, deemed authorised and regulated by the Financial Conduct Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authorityís website (www.fca.org.uk). Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.
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DIY Investor Magazine · July 2022