5 Funds That Will Profit From Mega-Trends

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Buffalo Discovery

BuffaloFunds185 5 Funds That Will Profit From Mega TrendsTrend: Technology

Considering its nature, technology always will be a mega-trend of sorts, if you think about it.

Right now, there’s a variety of new and emerging segments with tremendous promise, including cloud computing, mobile and Big Data.

A fund that specializes in riding these waves is the Buffalo Discovery Fund (MUTF:BUFTX) — but it does so in an outside-the-box way.

Portfolio managers Clay Brethour, Dave Carlsen and Elizabeth Jones don’t focus so much on traditional tech stocks so much as they look at numerous sectors — including financial services, healthcare and industrials — for companies on the cutting edge of technology. utilize a broad-based interpretation of technology.

Naturally, that results in a diverse set of holdings. Top weightings in the fund include familiar tech names like Apple (NASDAQ:AAPL) and Oracle (NASDAQ:ORCL), healthcare-related businesses like dentistry-focused Align Technology (NASDAQ:ALGN) and injectables firm Hospira (NYSE:HSP), and even seedmaker Monsanto (NYSE:MON).

This innovative strategy has worked quite well. BUFTX has returned 17.8% year-to-date and has averaged 14% returns over the past three years.

BUFTX charges 1.01% in expenses and also garners Morningstar’s five-star rating.


Article printed from InvestorPlace Media, http://investorplace.com/2012/10/5-funds-that-will-profit-from-mega-trends/.

©2014 InvestorPlace Media, LLC

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