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 secret lies in choosing a certain kind of tech stock... Tags: best mutual fund , best mutual funds , investing in mutual funds , mutual fund investing , Mutual Funds , tech funds , tech mutual fund To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The Best Mutual Fund in Tech Owns Zero Shares of Apple or Google appeared first on Money Morning - We Make Investing Profitable .