3 Hot Tech Mutual Funds for Your Investment Portfolio

Have You Heard About The Latest Buzz In The Tech World? Technology Stocks Are On Fire, And It’S All Thanks To The Rise Of Next-Gen Artificial Intelligence. The S&P 500 Select Sector SPDR For Technology (XLK) Has Surged By 32.7%, And Communication Services (XLC) Has Jumped By 35.8% Year To Date As Of Oct 31. The Nasdaq Composite Has Also Seen A Massive 31.5% Jump Since The Beginning Of The Year, And The S&P 500 Index Has Risen By 14.9%, Largely Due To The Tech Boom.

Despite The Recent Market Signals From The Fed About Future Rate Hikes, There’S A General Feeling That The Fed Has Reached The End Of Its Rate-Hiking Cycle. This Could Mean Good News For Technology Stocks, As Treasury Yields May Climb Down Further, Making Mega-Cap Growth Stocks Like Technology More Valuable Assets For The Future.

So, If You’Re Looking To Invest In Technology, We’Ve Got Three Top-Notch Technology Mutual Funds For You. These Funds Have A Strong Track Record, Low Expense Ratios, And Promising Returns. Let’S Take A Look At Them:

1. Fidelity Advisor Semiconductors (FELIX)
This Fund Invests In Companies Engaged In The Design, Manufacture, Or Sale Of Semiconductors And Semiconductor Equipment. With A Zacks Mutual Fund Rank #1, FELIX Has Shown Impressive 3-Year And 5-Year Annualized Returns Of 20.5% And 26.3%, Respectively. The Fund’S Net Expense Ratio Is 0.74%, Lower Than The Category Average Of 1.05%.

2. Janus Henderson VIT Global Technology And Innovation Portfolio (JGLTX)
JGLTX Aims For Long-Term Growth Of Capital And Specializes In Technology. With A Zacks Mutual Fund Rank #1, This Fund Has Delivered 3-Year And 5-Year Annualized Returns Of 3.8% And 14.9%, Respectively. The Net Expense Ratio Is 0.74%, In Line With The Category Average.

3. Putnam Global Technology Fund (PGTAX)
This Fund Seeks Capital Appreciation By Investing In Large And Midsize Technology Companies Worldwide. PGTAX Has A Zacks Mutual Fund Rank #2 And Has Shown 3-Year And 5-Year Annualized Returns Of 7.2% And 17.2%, Respectively. The Fund’S Net Expense Ratio Is 0.56%, Lower Than The Category Average.

If You’Re Interested In These Funds, You Can Get Free Fund Analysis Reports For Each Of Them. And If You Want To Stay Updated On The Latest Mutual Fund News And Analysis, You Can Sign Up For Zacks’ Free Fund Newsletter. Happy Investing!