A buy-and-hold approach keeps this tech fund going strong.
If you're looking for a tech fund with a long, rich history, the Franklin DynaTech Fund (FKDNX) is hard to top. Its managers have invested in cutting-edge technology companies and sought out innovative investment opportunities since the fund's creation in 1968. In the early 1970s, that meant holding oil, gas and airline companies. Today, it's health-care and internet stocks that catch the fund managers' eyes.
At the end of first quarter 2005, about 28 percent of the fund's 80 or so stocks were invested in electronic tech stocks, 24 percent in health technology and 23 percent in tech services companies, according to Matt Moberg, one of Dyna-Tech's portfolio managers. "The fund looks across the economy for innovative products and technologies," Moberg says.
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