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Risk lovers seeking healthy returns over a fairly long investment horizon may opt for technology mutual funds. The technology sector is believed to be poised for an encouraging earnings performance, owing to innovation and greater demand. Improving industry fundamentals and emerging technologies — such as wearables, VR headsets, drones, virtual reality devices and artificial intelligence — are the key catalysts for the sector.
Meanwhile, most mutual funds investing in securities from these sectors prefer a growth-oriented approach, focusing on companies with solid fundamentals and relatively higher investment prospects. Technology now has broader coverage than just hardware and software companies. Social media and Internet companies are also part of the technology landscape today.
DWS Science and Technology invests most of its assets along with borrowings, if any, in common stocks of domestic and foreign (including emerging market) companies in the technology sector, irrespective of their market capitalization. KTCAX advisors use in-depth research to select a diverse portfolio of technology companies that have robust and sustainable earnings growth, large and growing markets, leading products and services and strong balance sheets.
DWS Science and Technology has three-year annualized returns of 10.7%. As of April 2024, KTCAX held 55 issues, with 9.5% of its assets invested in Microsoft 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 11.4%. FSPTX has an expense ratio of 0.68% compared with the category average of 1.24%.
Fidelity Advisor Technology invests most of its net assets in common stocks of foreign and domestic companies principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. FATEX 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 Advisor Technology has three-year annualized returns of 12.9%. Adam Benjamin has been one of the fund managers of FATEX since 2020.
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3 Technology Mutual Funds for Impressive Returns
Risk lovers seeking healthy returns over a fairly long investment horizon may opt for technology mutual funds. The technology sector is believed to be poised for an encouraging earnings performance, owing to innovation and greater demand. Improving industry fundamentals and emerging technologies — such as wearables, VR headsets, drones, virtual reality devices and artificial intelligence — are the key catalysts for the sector.
Meanwhile, most mutual funds investing in securities from these sectors prefer a growth-oriented approach, focusing on companies with solid fundamentals and relatively higher investment prospects. Technology now has broader coverage than just hardware and software companies. Social media and Internet companies are also part of the technology landscape today.
Below, we share with you three top-ranked Technology mutual funds, viz, DWS Science and Technology (KTCAX - Free Report) , Fidelity Select Technology (FSPTX - Free Report) and Fidelity Advisor Technology Fund (FATEX - 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.
DWS Science and Technology invests most of its assets along with borrowings, if any, in common stocks of domestic and foreign (including emerging market) companies in the technology sector, irrespective of their market capitalization. KTCAX advisors use in-depth research to select a diverse portfolio of technology companies that have robust and sustainable earnings growth, large and growing markets, leading products and services and strong balance sheets.
DWS Science and Technology has three-year annualized returns of 10.7%. As of April 2024, KTCAX held 55 issues, with 9.5% of its assets invested in Microsoft 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 11.4%. FSPTX has an expense ratio of 0.68% compared with the category average of 1.24%.
Fidelity Advisor Technology invests most of its net assets in common stocks of foreign and domestic companies principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. FATEX 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 Advisor Technology has three-year annualized returns of 12.9%. Adam Benjamin has been one of the fund managers of FATEX since 2020.
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.
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