A Good Tech Fund Is Hard to Find
If you're ready to let a pro pick your tech stocks, you're in for a rude awakening: Despite their swelling ranks, it seems a good tech fund is surprisingly hard to find.
| Other Junk |
| The Fund Industry's Best Kept Secret (Hint: It's Not Good For You) |
| End of the Century: Funds in Last Year's Club Have Crashed |
| 10 Questions With AIM Funds Abel Garcia |
| Panning for Gold in an Ocean of Rookies On the heels of hot returns and in-flows, the overwhelming majority of the 122 tech funds out there launched in the past five years. |
| Source: Morningstar and MaxFunds.com. |
| Lowering the Bar for the Tech Crowd With slightly less stringent criteria, seven candidates emerge. | |||
| Fund | YTD Return | 3-Year Annualized Return | Manager's Tenure |
| (ICTEX Quote)Icon Information Technology | 19.4% | 45.85% | 3 years |
| (TVFQX Quote)Firsthand Technology Value | 11.6 | 54.9 | 6 |
| (DRGTX Quote)Dresdner RCM Global Technology | -0.5 | 64.1 | 4 |
| (PPTIX Quote)Principal Preservation PSE Tech 100 Index | -6.5 | 42.4 | 4 |
| (DTGRX Quote)Dreyfus Premier Technology | -11.2 | 60.6 | 3 |
| (BINVX Quote)Berger Information Technology | -12.6 | 53 | 3 |
| (ISWCX Quote)Invesco Telecommunications* | -12.6 | 43.3 | 3 |
| Avg. Tech Fund | -19.3 | 37.7 | 2 |
| Source: Morningstar. Data through Dec. 8. *Classified as a communications fund despite a 65% tech weighting on Sept. 30. | |||
The Junk Pile
If you're curious what stocks helped these tech managers from the last screen beat their peers this year, look no further. As you might imagine, it's a list dominated by New Tech shops, namely firms relying on the Internet more than PC sales. If you worship at the Church of What's Working Now, here are 10 stocks that separate these managers from the pack.| What They Like Among the seven leading tech/communications funds above, these were their top-10 picks. | ||
| Stock | YTD Return | Number of Top-Seven Funds Owning Shares |
| Applied Micro Circuits(AMCC Quote) | 119% | 4 |
| PMC Sierra(PMCS Quote) | 70.9 | 5 |
| Ciena(CIEN Quote) | 297 | 5 |
| EMC(EMC Quote) | 59.2 | 5 |
| Corning(GLW Quote) | 77.1 | 3 |
| Siebel Systems(SEBL Quote) | 140 | 4 |
| Network Appliance(NTAP Quote) | 110 | 3 |
| Juniper Networks(JNPR Quote) | 189 | 4 |
| BEA Systems(BEAS Quote) | 123 | 3 |
| Vitesse Semiconductor(VTSS Quote) | 16.6 | 5 |
| Source: Morningstar and Baseline/Thomson Financial. Data through Dec. 9. | ||
- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
-
Google Adds 'Buzz' to Gmail
The Wall Street Journal.
-
Ore Increases Boost Steel Prices
The Wall Street Journal.
-
Clive Palmer Clarifies His $60B China Coal Sale
Forbes.com: Business News
-
Why fret about Greece?
The Economist
-
Euro bounces back against dollar
BBC
-
China Passes Germany as Worlds Top Exporter
New York Times
-
IAC Posts Loss, but Still Beats Expectations
New York Times
-
Stiglitz Sees No Greek Default as ‘Speculative Attacks’ Persist
BusinessWeek Online
-
U.S. Stocks Rally on Growing Prospects for Bailout of Greece
BusinessWeek Online
-
Tuesday Reads
The Big Picture
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,058.64 | 1,070.52 | 2,150.87 | 36.33 |
Oil *
72.02
|
|
UP
150.25
|
UP
13.78
|
UP
24.82
|
UP
0.41
|
10 Yr
3.63%
SPDR Gold
105.45
|
|
+1.52%
|
+1.30%
|
+1.17%
|
+1.14%
|
Data delayed 20 minutes |
More From TheStreet
Latest HeadlinesBrokerage Partners
Sponsored Links














