3 Top Tech Mutual Funds to Gain as Fed Prepares for Rate Cut
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
0mins
Source: NASDAQ.COM
Federal Reserve Rate Cut Expectations: Recent inflation data suggests a potential 25-basis point rate cut by the Federal Reserve, with initial jobless claims indicating a soft landing for the U.S. economy, which could benefit technology mutual funds due to lower borrowing costs and increased investment opportunities.
Highlighted Technology Mutual Funds: Three tech mutual funds—Fidelity Select Semiconductors Portfolio (FSELX), DWS Science and Technology Fund (KTCAX), and Red Oak Technology Select (ROGSX)—are recommended for their strong performance, low expense ratios, and favorable Zacks Mutual Fund Rankings, making them attractive options for investors looking to hedge against economic downturns.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
