Grab These 3 Technology Mutual Funds for Impressive Returns

Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as artificial intelligence (AI), machine learning (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 relatively better investment prospects. 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 top-ranked Technology mutual funds, namely Fidelity Advisor Semiconductors FELIX, Fidelity Select Technology FSPTX and DWS Science and Technology KTCAX. 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.Fidelity Advisor Semiconductors invests the majority of its net assets in securities of domestic and foreign companies that are principally engaged in the business of semiconductors and related equipment. FELIX chooses to invest in stocks based on the fundamental analysis of each issuer's financial condition, industry position and market and economic conditions.Fidelity Advisor Semiconductors has three-year annualized returns of 22.6%. As of July 2024, FELIX held 38 issues, with 25.8% of its assets invested in NVIDIA Corp.Fidelity Select Technology seeks capital appreciation by investing the majority of its net assets in common stocks of domestic and foreign companies that benefit significantly from technology 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 8.8%. FSPTX has an expense ratio of 0.62% compared with the category average of 1.25%.DWS Science and Technology invests most of its net assets in common stocks of science and technology companies. KTCAX concentrates its assets in the group of industries constituting the technology sector and may focus on one or more industries in the technology sector.DWS Science and Technology has three-year annualized returns of 9.6%. Sebastian P. Werner has been one of the fund managers of KTCAX since November 2017.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.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.View All Zacks #1 Ranked Mutual FundsWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FSPTX): Fund Analysis Report Get Your Free (KTCAX): Fund Analysis Report Get Your Free (FELIX): Fund Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks