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The Best Mutual Fund in Tech Owns Zero Shares of Apple or Google
The best mutual fund in tech has managed annual returns of nearly 11% without owning a single share of a big tech darlings.
And yet the performance of the Fidelity Select IT Services Fund (MUTF: FBSOX) makes it the best mutual fund in the tech sector for the past 15 years.
Since March 10, 2000 - the peak of the tech bubble - the fund has posted an average annual return of 10.9%. According to Lipper, that's more than double the second-best mutual fund in the tech sector.
The best mutual fund in tech has managed annual returns of nearly 11% without owning a single share of a big tech darlings.
And yet the performance of the Fidelity Select IT Services Fund (MUTF: FBSOX) makes it the best mutual fund in the tech sector for the past 15 years.
Since March 10, 2000 - the peak of the tech bubble - the fund has posted an average annual return of 10.9%. According to Lipper, that's more than double the second-best mutual fund in the tech sector.