Top 5 Zacks #1 Ranked Technology Mutual Funds

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Technology has increasingly become an indispensible part of our daily lives and the future prospects of this sector only seem brighter. However, the boom of tech funds in the late nineties and their subsequent downfall during the decline that followed has invoked a certain degree of skepticism even among those bullish on this category. But for investors seeking aggressive growth over the long term, investing in funds that focus on technology and innovation could be a prudent option in times to come.

Below we will share with you 5 top rated technology mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future.  To view the Zacks Rank and past performance of all technology funds, investors can click here to see the complete list of funds.

Goldman Sachs Technology Tollkeeper A (GITAX) invests the majority of its assets in equity securities of Tollkeeper companies .These are companies that are positioned to benefit from the proliferation of technology. A maximum of 25% of its assets may be utilized to purchase foreign securities. The technology mutual fund has a ten year annualized return of 13.16%.

The fund manager is Jeffrey Rabinowitz and he has managed this technology mutual fund since 2011.

Columbia Seligman Global Technology A (SHGTX) seeks a large share of its assets in domestic and foreign equity securities of technology companies and those with operations in related areas. The fund invests in firms without regard to their market capitalization. The technology mutual fund has a ten year annualized return of 10.85%.

As of September 2012, this technology mutual fund held 64 issues, with 7.03% of its total assets invested in Apple Inc.

Northern Technology (NTCHX) invests capital growth over the long term. The fund invests the majority of its assets in companies whose principal operations are conducted in the technology sector. It may invest heavily in IPOs. The technology mutual fund has a ten year annualized return of 9.46%.

The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.25% compared to a category average of 1.58%.

Red Oak Technology Select (ROGSX) seeks capital appreciation over the long term. The fund invests heavily in common stocks of firms that are heavily dependent on technology for their operations or product development activities. It may also purchase foreign common stocks and ADRs. The technology mutual fund has a ten year annualized return of 11.31%.

The fund manager is Mark W. Oelschlager and he has managed this technology mutual fund since 2006.

T. Rowe Price Global Technology (PRGTX) invests the majority of its assets in companies which expect to derive a large proportion of their revenues from the development and application of technology. The fund invests at least 30% of its assets in both mature and developing foreign markets. The technology mutual fund has a ten year annualized return of 15.01%.

The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.98% compared to a category average of 1.58%.

To view the Zacks Rank and past performance of all technology mutual funds, investors can click here to see the complete list of funds.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.

Read the analyst report on SHGTX

Read the analyst report on NTCHX

Read the analyst report on ROGSX

Read the analyst report on PRGTX

Read the analyst report on PRGTX



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