Technology Mutual Funds Spread Your Risk
Kane, Leslie, Medical Economics
If you prefer having professionals make the choices for you, stick with mutual funds.
Don't be scared off by most funds' grim recent returns. Portfolios are just starting to limp back from the tech wreck.
Only about 52 of the 378 technology funds tracked by Morningstar have been in existence for five years. That's an important watermark, since you want to gauge a fund's performance prior to the meteoric sector rise of 1998 to early 2000.
Besides looking at returns, stick with a fund from a large company. "These firms have scores of analysts researching technology stocks, which should provide portfolio managers with a competitive edge," …
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Publication information: Article title: Technology Mutual Funds Spread Your Risk. Contributors: Kane, Leslie - Author. Magazine title: Medical Economics. Volume: 78. Issue: 24 Publication date: December 17, 2001. Page number: 34+. © Advanstar Communications, Inc. Jan 23, 2009. Provided by ProQuest LLC. All Rights Reserved.
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