Asset Management

Why fund managers are piling into Zoom, Amazon as vaccine shows ‘not all tech is equal’

Before the pandemic, the Allianz Technology Trust didn't hold Zoom stock. Now, the video-conferencing company is one of its top 10 holdings

Zoom is among companies that have have seen their stocks tumble on news of promising vaccines
Zoom is among companies that have have seen their stocks tumble on news of promising vaccines Photo: Getty Images

Portfolio managers in charge of overseeing some of the world's most popular technology funds have been among the biggest winners this year.

The onset of the pandemic and global lockdowns helped buoy holders of so-called “stay-at-home stocks”.

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