The Traderszone Network

Published in TZ Latest News 9 March, 2015 by The TZ Newswire Staff

Fidelity tech fund trounces all rivals without holding Apple

The best performing technology fund since the peak of the dot com boom did it all without owning Apple Inc, whose soaring stock price has pushed the Nasdaq near a new record high. The $941 million Fidelity Select IT Services fund has returned an average of 10.9 percent a year since March 10, 2000, when the Nasdaq Composite hit its record high, according to Lipper data. This is a wholly different subset of technology than most investors are familiar with,” said Todd Rosenbluth, director of mutual fund research at SP Capital IQ.