4 Technology Mutual Funds to Buy for Long-Term Gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
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Source: NASDAQ.COM
- Technology Sector Performance: The U.S. technology sector has seen significant growth, with the NASDAQ composite providing a 31.9% return in the past year.
- Challenges for Tech Companies: High borrowing costs due to interest rate hikes pose challenges for tech companies' profitability.
- Economic Indicators: The U.S. GDP increased by 1.6% in Q1 2024, and the Federal Reserve is expected to ease its monetary policy in response to inflation concerns.
- Investment Opportunities: Mutual funds focusing on tech stocks are recommended for long-term returns, with specific funds like FSELX, FATIX, KTCSX, and FSPTX highlighted.
- Expert Stock Picks: Zacks experts recommend a company targeting millennial and Gen Z audiences as a top pick for potential significant growth.
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.
