The technology industry is booming, and if you’re looking to invest in tech mutual funds, you’ll want to know where to put your money for the best returns. Forbes has compiled a list of the top 10 best-performing tech funds, and here are some of the highlights:
1. BlackRock Technology Opportunities Fund (BSTSX) has an expense ratio of 1.17% and a 10-year average annual return of 18.57%. This fund focuses on fast, sustainable growth and invests in companies that are expected to outperform their rivals for the next 10 to 20 years.
2. Columbia Global Technology Growth Advisor (CTYRX) has an expense ratio of 0.94% and a 10-year average annual return of 17.66%. This fund looks for companies that are big on innovation, with holdings including Apple, Microsoft, and Nvidia.
3. Fidelity Select Semiconductors Portfolio (FSELX) has an expense ratio of 0.65% and a 10-year average annual return of 26.53%. This fund is focused solely on semiconductors, offering impressive returns but also comes with higher risk.
4. T. Rowe Price Science & Technology (PRSCX) has an expense ratio of 0.84% and a 10-year average annual return of 15.97%. With a wide array of holdings and a commitment to earnings and sales growth, PRSCX has consistently outperformed its category average.
These are just a few of the top-performing tech funds available for investors. Whether you’re a seasoned investor or just starting out, these funds offer a great opportunity to capitalize on the thriving technology industry.