Hold it
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. Itsmanagers have invested in cutting-edge technology companies andsought out innovative investment opportunities since the fund'screation in 1968. In the early 1970s, that meant holding oil, gasand airline companies. Today, it's health-care and internetstocks that catch the fund managers' eyes.
At the end of first quarter 2005, about 28 percent of thefund's 80 or so stocks were invested in electronic tech stocks,24 percent in health technology and 23 percent in tech servicescompanies, according to Matt Moberg, one of Dyna-Tech'sportfolio managers. "The fund looks across the economy forinnovative products and technologies," Moberg says.
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
This Co-Founder Was Kicked Out of Retailers for Pitching a 'Taboo' Beauty Product. Now, Her Multi-Million-Dollar Company Sells It for More Than $20 an Ounce.
-
Have You Ever Obsessed Over 'What If'? According to Scientists, You Don't Actually Know What Would Have Fixed Everything.
-
After He Was Fired From the UFC, This Former Fighter Turned His Passion Into a Thriving Business
-
Most People Don't Know These 2 Things Are Resume Red Flags. A Career Expert Reveals How to Work Around Them.
-
How One Woman Turned Pandemic-Induced Boredom and a Makeshift Garage Art Studio Into a Thriving Franchise
-
Use These 4 Self-Care Rituals for More Resilience and Less Depletion
-
Shark Tank's Barbara Corcoran Wants to Invest in 'Someone Who Probably Needs a Good Shrink Instead of a Business'
