Ivy Science & Technology A Fund
For many investors, the allure of small caps is the possibility of finding the next mega company. With that in mind, a tech fund can be a good way to play this.
But in today’s world, technology is quite diverse — including the Internet, mobile, biotech, cleantech and so on. Of course, that is actually the strength of the Ivy Science & Technology A Fund (WSTAX). It looks not just for the typical tech operators, but also those companies that are trailblazing healthcare.
The strategy has definitely been a winner. For the past three years, the average return was almost 19%, including a 36.3% climb for the past year.
Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.