Tech sector funds like Fidelity Advisor Semiconductors Fund, DWS Science and Technology, and Fidelity Select Technology Portfolio offer good investment opportunities

From Nasdaq: 2024-06-12 09:49:00

The Wall Street rally continues in 2023, hitting multiple all-time highs. The Nasdaq Composite and S&P 500 reached new records on Jun 11. Tech stocks, led by NVIDIA, have been driving the rally based on AI chip demand. Tech giants like Microsoft and Meta Platforms are also accelerating AI tech development.

Investors should consider mutual funds for lower costs and portfolio diversification. Three tech sector funds worth buying are Fidelity Advisor Semiconductors Fund Class I, DWS Science and Technology A, and Fidelity Select Technology Portfolio. These funds have impressive returns, low expense ratios, and Zacks Mutual Fund Ranks of 1 or 2.

Fidelity Advisor Semiconductors Fund Class I focuses on electronic component companies with long-term positive total returns. DWS Science and Technology A invests in U.S. tech companies for growth of capital. Fidelity Select Technology Portfolio invests in companies benefiting from technological advances. All three funds have strong performance records and Zacks Mutual Fund Ranks of 1 or 2.



Read more at Nasdaq: 3 Solid Tech Funds to Buy as Nasdaq Hits New Milestone