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, most funds investing in securities from the technology sector take a growth-oriented approach that focuses on companies with strong fundamentals and a relatively better investment prospect. 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, namely Semiconductor UltraSector ProFund, Service Class (SMPSX - Free Report) , Fidelity Select Technology (FSPTX - Free Report) and Fidelity Select Wireless (FWRLX - Free Report) . Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Semiconductor UltraSector ProFund, Service Class invests in a combination of financial instruments that its fund manager believes will produce daily returns consistent with the fund's investment objective. SMPSX is a non-diversified fund.
Semiconductor UltraSector ProFund, Service Class has three-year annualized returns of 10.8%. As of July 2022, SMPSX held 33 issues, with 16.8% of its assets invested in Nvidia Corp.
Fidelity Select Technology aims for capital appreciation by investing the majority of its net assets in common stocks of domestic and foreign companies that benefit significantly from technological advances and improvement. FSPTX uses fundamental analysis like financial condition, industry position, and market conditions to select investments.
Fidelity Select Technology has three-year annualized returns of 13%. FSPTX has an expense ratio of 0.67% compared with the category average of 1.05%.
Fidelity Select Wireless invests most of its net assets in common stocks of foreign and domestic companies principally engaged in activities relating to wireless communications services or products. FWRLX advisors choose to invest in stocks based on the fundamental analysis of factors such as each issuer's financial condition, industry position, as well as market and economic conditions.
Fidelity Select Wireless has three-year annualized returns of 6.3%. Matthew Drukker has been one of the fund managers of FWRLX since 2016.
To view the Zacks Rank and the past performance of all Technology mutual funds, investors can click here to see the complete list of Technology mutual funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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, most funds investing in securities from the technology sector take a growth-oriented approach that focuses on companies with strong fundamentals and a relatively better investment prospect. 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, namely Semiconductor UltraSector ProFund, Service Class (SMPSX - Free Report) , Fidelity Select Technology (FSPTX - Free Report) and Fidelity Select Wireless (FWRLX - Free Report) . Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Semiconductor UltraSector ProFund, Service Class invests in a combination of financial instruments that its fund manager believes will produce daily returns consistent with the fund's investment objective. SMPSX is a non-diversified fund.
Semiconductor UltraSector ProFund, Service Class has three-year annualized returns of 10.8%. As of July 2022, SMPSX held 33 issues, with 16.8% of its assets invested in Nvidia Corp.
Fidelity Select Technology aims for capital appreciation by investing the majority of its net assets in common stocks of domestic and foreign companies that benefit significantly from technological advances and improvement. FSPTX uses fundamental analysis like financial condition, industry position, and market conditions to select investments.
Fidelity Select Technology has three-year annualized returns of 13%. FSPTX has an expense ratio of 0.67% compared with the category average of 1.05%.
Fidelity Select Wireless invests most of its net assets in common stocks of foreign and domestic companies principally engaged in activities relating to wireless communications services or products. FWRLX advisors choose to invest in stocks based on the fundamental analysis of factors such as each issuer's financial condition, industry position, as well as market and economic conditions.
Fidelity Select Wireless has three-year annualized returns of 6.3%. Matthew Drukker has been one of the fund managers of FWRLX since 2016.
To view the Zacks Rank and the past performance of all Technology mutual funds, investors can click here to see the complete list of Technology mutual funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
Get the latest research report on FSPTX - FREE
Get the latest research report on SMPSX - FREE
Get the latest research report on FWRLX - FREE