As anyone who owned technology funds during the 2000-02 bear market knows, they are among the most volatile on the planet. Still, owning a fund should be less risky than buying one or two individual tech stocks. We consider the following three funds to be the best in the category. With tech stocks on the mend, you can use any one of them to boost returns without having to worry about picking individual companies. Just be sure to use them sparingly.
You'll be hard-pressed to find more-experienced tech-stock pickers than Walter Price and Huachen Chen of Allianz RCM Technology. Each has invested in tech stocks for more than 20 years. In 1995, the duo launched RCM's institutional shares, which returned 15% annualized over the past decade to January 3. Those results beat other tech funds' returns by an average of eight percentage points per year. Price and Chen buy shares of U.S. and foreign companies that they think can rise at least 50% in the next year or two. The fund's 47 holdings, a mix of blue chips and more-speculative stocks, include Nintendo, Google and Microsoft. RCM's newer D shares (symbol DGTNX; 800-223-2413) are available without a sales charge through discount brokers. Annual fees of 1.64% are slightly less than the average for the category.
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