Yahoo Finance 3 Technology Mutual Funds for Superb Returns
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 technology mutual funds, viz., Fidelity Advisor Semiconductors FELIX, DWS Science and Technology KTCAX and Fidelity Select Semiconductors FSELX. Each has 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 technology funds.
Fidelity Advisor Semiconductors fund invests most of its net assets in securities of domestic and foreign companies that are principally engaged in the design, manufacture, or sale of semiconductors and semiconductor equipment. FELIX advisors use fundamental analysis factors such as each issuer's financial condition, industry position, as well as market and economic conditions to make an investment decision.
Fidelity Advisor Semiconductors fund has three-year annualized returns of 29.3%. As of the end of January 2024, FELIX held 38 issues, with 24.8% of its assets invested in NVIDIA Corporation.
DWS Science and Technology Fund 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 usein-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 Fund has three-year annualized returns of 10.6%. KTCAX has an expense ratio of 0.90%.
Fidelity Select Semiconductors seeks capital appreciation. FSELX advisors invest its assets in common stocks of companies principally engaged in the design, manufacture, or sale of electronic components.
Fidelity Select Semiconductors fund has three-year annualized returns of 31%. Adam Benjamin has been the fund manager of FSELX since March 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 funds.
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