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. To view the Zacks Rank and past
performance of all technology funds, investors can
click here to see the complete list of funds
.
T. Rowe Price Science & Tech
(
PRSCX
) invests a large share of its assets in common stocks of firms
which are projected to gain from advances in science and
technology. The fund may purchase both domestic and foreign
securities. The technology mutual fund is non-diversified and has a
five year annualized return of 2.05%.
The technology mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 0.90% compared to a category average
of 1.59%.
Black Oak Emerging Technology
(
BOGSX
) seeks capital appreciation over the long term. The fund invests
the majority of its assets in common stocks of firms that are
expected to emerge as market leaders in the technology sector. The
technology mutual fund has a five year annualized return of
2.1%.
The fund manager is Robert D. Stimpson and he has managed this
technology mutual fund since 2006.
HighMark NYSE ArcaTech 100 Index A
(
PPTIX
) invests in nearly all of the securities which make up the NYSE
Arca Tech 100 Index in nearly the same proportion. A minimum of 90%
of its assets are invested in securities included in the index. The
technology mutual fund has a five year annualized return of
5.03%.
The technology mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.08% compared to a category average
of 1.59%.
Waddell & Reed Science & Technology A
(
UNSCX
) seeks capital appreciation. The fund invests the majority of its
assets in science and technology companies. The fund focuses on
investing in mid and small-cap companies but may also invest in
larger firms. The technology mutual fund has a five year annualized
return of 5.57%.
As of June 2012, this technology mutual fund held 76 issues,
with 8.46% of its total assets invested in Aspen Technologies,
Inc.
Columbia Seligman Global Technology A
(
SHGTX
) invests a large share of its assets in domestic and foreign
equity securities of technology companies and those with operations
in related areas. The fund invests in firms without regard to their
market capitalization. The technology mutual fund has a five year
annualized return of 2.88%.
The fund manager is Richard Parower and he has managed this
technology mutual fund since 2000.
To view the Zacks Rank and past performance of all technology
mutual funds, investors can
click here to see the complete list of funds
.
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
.
View All Zacks #1 Ranked Mutual Funds
(BOGSX): ETF Research Reports
(PPTIX): ETF Research Reports
(PRSCX): ETF Research Reports
(SHGTX): ETF Research Reports
(UNSCX): ETF Research Reports
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