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Top 5 Technology Mutual Funds
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ShareMutual funds focusing on the technology domain not only invest in companies operating in the sector but also bet on firms who seek to leverage advances in technology. This category emerged as a force to reckon with only about twenty years ago, but their subsequent slide has led many investors to eschew this class of funds. Subsequently, fund prices have been based on stronger fundamentals, substantially reducing the risk involved. With the advantages of professional management, mutual funds are the best option for investing in this category.
Below we will share with you 5 top rated technology mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all technology funds, then click here.
Firsthand Technology Opportunities (TEFQX) invests a large portion of its assets in companies whose primary operations are related to high technology. The fund selects companies on the basis of their growth potential in their specific sector. It invests in companies of all sizes and may invest in relatively newer companies. It is a no-load fund.
The technology mutual fund returned 31.25% in the last one year period.
Kinetics Internet No Load (WWWFX) seeks capital appreciation over the long term with a secondary objective of current income. The fund primarily invests in common stocks, convertible securities, warrants and other equity securities with features similar to common stock. This technology mutual fund has a five year annualized return of 9.18%.
The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.89% compared to a category average of 1.41%.
Matthews Asia Science & Technology Investor (MATFX) invests heavily in companies located in Asia which generate more than half of their revenues from product and services sales in technology related industries and services. The technology mutual fund has a ten year annualized return of 8.95%.
As of December 2010, this technology mutual fund held 61 issues, with 5.73% of its total assets invested in Baidu, Inc. ADR.
Goldman Sachs Technology Tollkeeper A (GITAX) seeks long term capital appreciation. At least 80% of its assets are invested in equity securities of Tollkeeper companies .These are companies that are positioned to benefit from the proliferation of technology. The technology mutual fund has a three year annualized return of 7.62%.
The fund manager is Steven M. Barry and he has managed this technology mutual fund since 1999.
DWS Technology A (KTCAX) invests the majority of its assets in common stocks of companies in the technology domain. The fund invests in companies regardless of their size or market capitalization. Not more than 35% of its assets are utilized to purchase foreign securities. The technology mutual fund returned 29.08% in the last one year period.
The technology mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.13% compared to a category average of 1.67%.
To view the Zacks Rank and past performance of all technology mutual funds, then click here.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
Read the full analyst report on TEFQX
Read the full analyst report on WWWFX
Read the full analyst report on MATFX
Read the full analyst report on GITAX
Read the full analyst report on KTCAX
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| Market Summary | May 26, 2012 15:29 pm ET |
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