Top 5 Best Performing Technology Mutual Funds Year to Date | Top ...

Thursday, June 21, 2012

Top 5 Best Performing Technology Mutual Funds Year to Date | Top ...

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Technology is clearly a long term growth prospect for investors willing to remain invested and should continue to outperform the market over time. Many have viewed the sector with skepticism since the tech bubble burst more than a decade ago, but times have clearly changed for the better. Valuations are now based on stronger fundamentals and careful selection of investments has yielded good long term returns for many funds. Technology mutual funds greatly reduce the volatility inherent in this sector through by carefully selecting securities to create widely diversified portfolios.
Below we will share with you the 5 best performing technology mutual funds year to date. To view the Zacks Rank and past performance of all technology funds, investors can click here to see the complete list of funds.
ProFunds Technology Ultra Sector (TEPIX) invests almost all its assets in a mix of equity securities and derivatives and seeks a return of 150% of the performance of the Dow Jones U.S Technology Sector Index. The non-diversified fund may also invest some part of its assets in money market instruments. The technology mutual fund has a three year annualized return of 24.56% ... Continue to read.

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