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
ten year annualized return of 18.39%.
The fund manager is Kennard W. Allen and he has managed this
technology mutual fund since 2008.
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 ten year annualized return of
7.55%.
As of June 2012, this technology mutual fund held 31 issues,
with 6.46% of its total assets invested in Qualcomm, Inc.
Invesco Technology Investor
(
FTCHX
) invests a large share of its assets in companies which leverage
technology in product development or operations. The fund purchases
both domestic and foreign securities. The technology mutual fund is
non-diversified and has a ten year annualized return of 6.84%.
The technology mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.52% compared to a category average
of 1.58%.
Matthews Asia Science & Technology Investor
(
MATFX
) seeks capital growth over the long term. The fund invests heavily
in companies located in Asia which generate more than half of their
revenues from product and services sales in technology related
industries and services. The technology mutual fund has a ten year
annualized return of 10.91%.
The fund manager is Michael Oh 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 ten year annualized return of
10.4%.
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 1.58%.
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
(FTCHX): ETF Research Reports
(MATFX): ETF Research Reports
(PPTIX): ETF Research Reports
(PRSCX): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment
Research