Scalper1 News
More often than not the technology sector is likely to report above-par earnings than other sectors, as the demand for technology and innovation remains high. However, technology stocks are considered to be more volatile than other sector-specific stocks in the short run. In order to minimize this short-term volatility almost all tech funds adopt a growth management style with a focus on strong fundamentals and a relatively higher investment horizon. Investors having an above-par appetite for risk and fairly longer investment horizon should park their savings in these funds. 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. Fidelity Select Software & Comp Portfolio (MUTF: FSCSX ) seeks capital growth. The fund invests a lion’s share of its assets in companies whose primary operations are related to software or information-based services. Investments are made in both domestic and foreign companies. The fund uses fundamental analysis to select companies for investment purposes. The non-diversified technology mutual fund has a one year return of 10.5%. This fund has an expense ratio of 0.78% as compared to category average of 1.55%. T. Rowe Price Science & Technology Advisor (MUTF: PASTX ) invests a large portion of its assets throughout the world in the common stocks of companies that benefit from the development and use of technology. It may sell securities in order to secure gains, curtail losses and reinvest assets. The technology mutual fund has a one year return of 14%. Kennard W. Allen is the fund manager and has managed the fund since 2009. Columbia Global Technology Growth A (MUTF: CTCAX ) seeks capital growth. The fund invests a major share of its assets in companies from the technology sector that benefit from advancement and the development of technology. It invests a minimum of 40% of its assets in foreign companies. It may invest in companies irrespective of their market capitalizations. The non-diversified technology mutual fund has a one-year return of 19.8%. As of October 2014, this fund held 123 issues with 5.52% invested in Apple Inc. (NASDAQ: AAPL ) Fidelity Advisor Electronics A (MUTF: FELAX ) invests heavily in companies involved in manufacturing, designing and distribution of electronic components. The fund invests in firms throughout the world. Factors such as financial strength and economic conditions are considered for investment decisions. The non-diversified technology mutual fund has a one-year return of 40.3%. Stephen Barwikowski is the fund manager and has managed the fund since 2009. Columbia Seligman Communications & Information A (MUTF: SLMCX ) seeks capital growth over the long run. The fund invests a lion’s share of its assets in companies engaged in operations related to communications and information sector. It may also invest in sectors such as information technology and media. It invests a maximum of 25% of its assets in non-U.S. companies. The non-diversified technology mutual fund has a one-year return of 29.6%. This fund has an expense ratio of 1.41% as compared to category average of 1.55%. Now that you’ve read this, are you Bullish or Bearish on ? Bullish Bearish Sentiment on ( ) Thanks for sharing your thoughts. Why are you ? Submit & View Results Skip to results » Share this article with a colleague Scalper1 News
Scalper1 News