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Top 5 Best Performing Technology Mutual Funds
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ShareTechnology has increasingly become an indispensible part of our daily lives and the future prospects of this sector only seem brighter. However, the boom of tech funds in the late nineties and their subsequent downfall during the decline that followed has invoked a certain degree of skepticism even among those bullish on this category. But for investors seeking aggressive growth over the long term, investing in funds that focus on technology and innovation could be a prudent option in times to come.
Below we will share with you the 5 best performing technology mutual funds year to date. To view the Zacks Rank and past performance of all technology funds, then click here.
| Mutual Fund | Zacks Rank | Total Return YTD |
| Kinetics Internet No Load | #1 Strong Buy | 11.0% |
| Wasatch Global Science & Technology | #1 Strong Buy | 10.6% |
| Buffalo Science & Technology | #1 Strong Buy | 9.9% |
| USAA Science & Technology | #1 Strong Buy | 9.1% |
| T. Rowe Price Global Technology | #2 Buy | 8.4% |
Kinetics Internet No Load (WWWFX) seeks capital appreciation over the long term. The fund primarily invests in domestic and foreign companies whose primary business operations concern the Internet and Internet-related activities. The fund purchases common stocks, convertible securities, warrants and other equity securities. This technology mutual fund has a three year annualized return of 13%.
The fund manager is Peter B. Doyle and he has managed this technology mutual fund since 1999.
Wasatch Global Science & Technology (WAGTX) invests the majority of its assets in domestic and foreign companies in the science and technology domain. It invests in at least three developed countries including the U.S. The fund may also purchase a substantial amount of emerging market securities. This technology mutual fund has a ten year annualized return of 6.07%.
As of June 2011, this technology mutual fund held 82 issues, with 4.09% of its total assets invested in Google, Inc..
Buffalo Science & Technology (BUFTX) seeks capital growth. The fund primarily invests in common stocks of domestic companies whose securities may gain from advances in science and technology. Not more than 20% of its assets may be invested in ADRs or foreign securities. This technology mutual fund returned 38.33% in the last one year period.
The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.02% compared to a category average of 1.67%.
USAA Science & Technology (USSCX) invests the majority of the fund’s assets in companies which stand to gain from advances in science and technology. Not more than half of its assets may be utilized to purchase foreign securities. The technology mutual fund has a five year annualized return of 5.63%.
The fund manager is Nicholas B. Boullet and he has managed this technology mutual fund since 2008.
T. Rowe Price Global Technology (PRGTX) seeks capital appreciation. The fund invests a large portion of its assets in commons stocks of firms which aim to generate a significant portion of their revenues from technology development or advancement. At least 30% of its assets are utilized to purchase foreign securities. This technology mutual fund returned 43.4% in the last one year period.
The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.04% 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 WWWFX
Read the full analyst report on WAGTX
Read the full analyst report on BUFTX
Read the full analyst report on USSCX
Read the full analyst report on PRGTX
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| Market Summary | May 26, 2012 13:31 pm ET |
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