For Immediate Release
Chicago, IL – April 14, 2010 – Today Zacks.com features the Top 5 Technology Funds; Wasatch Global Science & Technology (WAGTX), Fidelity Select Software and Computer Services (FSCSX), Henderson Global Technology A (HFGAX), Munder Growth Opportunities A (MNNAX) and Matthews Asian technology (MATFX). These Technology funds are given our highest rating; Zacks #1 Ranked Strong Buys. That means we expect these funds to outperform their peers in the future.
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Zacks #1 Ranked Technology Funds
Wasatch Global Science & Technology (WAGTX) invests the majority of its assets in domestic and foreign companies in the science and technology domain. It invests in at least three developed countries including the U.S. The fund may also purchase a substantial amount of emerging market securities. The fund returned 76.85% in the last one year period.
The fund has a minimum initial investment of $2,000 and an expense ratio of 1.95% compared to a category average of 1.81%.
Fidelity Select Software and Computer Services (FSCSX) seeks long term capital growth. At least 80% of its assets are invested in companies whose principal operations are related to software or information-based services. The fund may purchase foreign securities and may invest heavily in a single issuer. It is non-diversified and has a five year annualized return of 8.73%.
The fund manager is Brian Lempel and he has managed this fund since 2009.
Henderson Global Technology A (HFGAX) invests a large share of its assets in companies which have the potential to benefit from technological advancements and innovation. It invests in companies worldwide and purchases stocks in firms with smaller market capitalizations. The fund returned 71.63% in the last one year and has a three year annualized return of 3.41%.
As of December 2009, this technology fund held 53 issues, with 4.52% of its total assets invested in Apple Inc.
Munder Growth Opportunities A (MNNAX) seeks capital appreciation. It invests the majority of its assets in firms which seek to garner significant benefits from the growth of the Internet. Up to 25% of its assets may be utilized to purchase foreign securities. It may invest substantial amounts in IPOs. The fund returned 75.56% in the last one year period.
The technology fund has a minimum initial investment of $2,500 and an expense ratio of 2.62% compared to a category average of 1.81%.
Matthews Asian technology (MATFX) invests a large portion of its assets in common and preferred stocks of Asian companies. At least 50% of the total revenue of these companies must be generated from sales of products and services to companies in the technology sector. It is a no-load fund. This technology fund has a five year annualized return of 7.32%.
To view the Zacks Rank and past performance of all Technology Funds then click here.
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