How to Get an Edge in the Technology Sector

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How to Get an Edge in the Technology Sector

Daniel Cross Apr 21, 2016

The decline, however, was short-lived. In March, a sudden reversal marked the beginning of a tech resurgence as evidenced by the performance of the Vanguard Information Technology Index Fund (VITAX). In February, the fund traded as low as $48.07 but has since risen to its current price of around $56.37 – a staggering 17% increase in just two months’ time. From oversold to being in high demand – the tech sector still offers prime opportunities for growth-oriented investors.

Mutual Funds for the Technology Sector

T. Rowe Price Global Technology Fund

  • Year-to-Date Returns: -1%
  • 10-Year Average Annual Return: 13.25%
  • Expense Ratio: 0.91%

Objective: This innovative technology fund doesn’t just pick large-cap, blue-chip funds for its investors. Rather, it selects stocks based on a thorough screening process that attempts to identify leading technology companies for growth with a healthy underlying business. It generally invests in no fewer than five countries with at least 25% of its portfolio in non-U.S. companies.

Fidelity Select IT Services Portfolio

  • Year-to-Date Returns: 2.35%
  • 10-Year Average Annual Return: 13%
  • Expense Ratio: 0.81%

Objective: This fund consistently finds itself rated among the top-performing funds with some of the highest ratings in the industry. It keeps the majority of its assets in the U.S. with around 12% invested overseas and contains some of the biggest and most-recognized names in the technology space.

The Bottom Line

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