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Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as AI, ML, robotics and data science are the key catalysts to the sector’s growth.
In addition, the majority of funds investing in securities from the technology sector take a growth-oriented approach that includes focusing on companies with strong fundamentals and a relatively better investment prospect. Moreover, technology has come to have a broader meaning than just hardware and software. Social media and Internet companies are now part of the technology landscape.
Fidelity Select Technology Portfolio (FSPTX - Free Report) fund aims for capital appreciation. The fund invests primarily in equity securities, especially common stocks of companies that are engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. FSPTX has three-year annualized returns of 27.8%.
As of the end of October 2020, FSPTX held 39 issues with 21.39% of its assets invested in NVIDIA Corp.
BlackRock Technology Opportunities Fund Investor A Shares (BGSAX - Free Report) aims for long-term capital appreciation. The fund invests majority of its assets in equity securities issued by U.S. and non-U.S. technology companies in all market capitalization ranges, selected for their rapid and sustainable growth potential from the development, advancement and use of technology. BGSAX has three-year annualized returns of 36%.
Tony Kim is one the fund managers of BGSAX since 2013.
Fidelity Select Semiconductors Portfolio (FSELX - Free Report) fund aims for capital appreciation. The non-diversified fund invests majority of assets in securities of companies principally engaged in the design, manufacture, or sale of semiconductors and semiconductor equipment. FSELX has three-year annualized returns of 25.5%.
FSELX has an expense ratio of 0.72% compared to the category average of 1.24%.
Image: Bigstock
Top 3 Technology Mutual Funds for Maximum Returns
Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as AI, ML, robotics and data science are the key catalysts to the sector’s growth.
In addition, the majority of funds investing in securities from the technology sector take a growth-oriented approach that includes focusing on companies with strong fundamentals and a relatively better investment prospect. Moreover, technology has come to have a broader meaning than just hardware and software. Social media and Internet companies are now part of the technology landscape.
Below we share with you three top-ranked technology mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of funds.
Fidelity Select Technology Portfolio (FSPTX - Free Report) fund aims for capital appreciation. The fund invests primarily in equity securities, especially common stocks of companies that are engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. FSPTX has three-year annualized returns of 27.8%.
As of the end of October 2020, FSPTX held 39 issues with 21.39% of its assets invested in NVIDIA Corp.
BlackRock Technology Opportunities Fund Investor A Shares (BGSAX - Free Report) aims for long-term capital appreciation. The fund invests majority of its assets in equity securities issued by U.S. and non-U.S. technology companies in all market capitalization ranges, selected for their rapid and sustainable growth potential from the development, advancement and use of technology. BGSAX has three-year annualized returns of 36%.
Tony Kim is one the fund managers of BGSAX since 2013.
Fidelity Select Semiconductors Portfolio (FSELX - Free Report) fund aims for capital appreciation. The non-diversified fund invests majority of assets in securities of companies principally engaged in the design, manufacture, or sale of semiconductors and semiconductor equipment. FSELX has three-year annualized returns of 25.5%.
FSELX has an expense ratio of 0.72% compared to the category average of 1.24%.
To view the Zacks Rank and past performance of all technology mutual funds, investors can click here to see the complete list of funds.
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