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Top Technology Equity Funds
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ShareToday, we are featuring top-performing “Technology" equity mutual funds, which primarily invest in equity securities of companies that deal in advanced technologies.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Technology Equity Funds.
3 Hi-Tech Choices
T. Rowe Price Global Technology (PRGTX) seeks long-term capital growth. It may purchase stocks ranging from small companies to blue chip firms with established track records.
The fund invests at least 80% of its net assets throughout the world in the common stocks of companies that generate a majority of their revenues from the development, advancement, and use of technology. It looks to invest at least 30% of its assets in established as well as emerging foreign markets.
Shareholders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy”) fund. As of June 2009, it has a portfolio turnover of 104.6%.
David J. Eiswert has been lead manager of the fund since October 2008. Eiswert is a Chartered Financial Analyst and holds a Masters Degree in Economics from the University of Maryland.
Fidelity Select Electronics (FSELX) was incepted in July 1985 and seeks capital appreciation. It is non-diversified.
The fund normally invests at least 80% of assets in common stocks of companies principally engaged in the design, manufacture, or sale of electronic components; equipment vendors to electronic component manufacturers; electronic component distributors and electronic instruments and electronic systems vendors. It may also invest in stocks of foreign companies.
Intel Corporation, Texas Instruments and Applied Materials Inc are among the funds top are among the fund’s top holdings. It has an expense ratio of 0.89% against a category average of 1.81%.
Christopher Lin has been lead manager of the fund since January 2009. The fund offers dividends and capital gains twice a year in April and December.
Kinetics Internet Emerging Growth (WWWEX) seeks long-term growth of capital by investing in equity securities of emerging internet companies whose research and development efforts may result in higher stock values. It was incepted in December 1999.
The fund invests in companies such as Internet service providers, software companies, computer hardware companies, E-commerce and content developers. It invests up to 20% of its assets in convertible and nonconvertible debt securities rated below investment grade. It is non-diversified.
Steven Tuen has been lead manager of the fund since December 1999. Tuen is a Chartered Financial Analyst and was with IPO Value Monitor before joining Kinetics Asset Management in 1999.
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.
Read the full analyst report on PRGTX
Read the full analyst report on FSELX
Read the full analyst report on WWWEX
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| Market Summary | Feb 10, 2012 12:43 pm ET |
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