Waddell & Reed Science & Tech A
2012 Return: 22.67%
Category Return: 11.45%
Technology is often associated with the Internet and software. But, of course, it’s much broader than this. Technology also covers areas like biotech, materials, alternative energy and even agriculture.
And yes, the Waddell & Reed Science & Tech A (MUTF:UNSCX) fund takes the expansive approach. That often means it can find overlooked opportunities trading at relatively low valuations. Over the past 10 years, UNSCX has racked up an average annual return of 12.79%.
Tom Taulli runs the InvestorPlace blog IPOPlaybook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook.” Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.