RCM Tech trust poised to pounce with excess cash

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 historicall...