Tech Funds Tops for the Summer

After the meltdown in tech stocks in March and April, many thought the sector was dead. It had risen too far, too fast. But the techs started to bounce back in June and continued throughout the summer. Now that summer has passed, we can look back and see just how well they did bounce back.

Below is a table of the top ten mutual funds for the three month period ending on August 31, 2000.

Rank	Fund	Type	3 Month	YTD	1 Year
1	Universal Internet Technologies	Internet	60.37	n/a	n/a
2	Universal RSP Internet Technologies	Internet	59.70	n/a	n/a
3	Montrusco Bolton TSE 100 Momentum	Large Cap	56.67	57.76	123.17
4	C.I. Global Biotech Sector (US$)	Biotech	45.53	61.84	123.73
5	Franklin World Health Sci & Bio (US$)	Biotech	44.78	n/a	n/a
6	Tera Capital Venture	Technology	44.08	75.92	155.68
7	C.I. Global Biotechnology Sector	Biotech	43.06	65.79	120.60
8	C.I. Global Biotechnology RSP	Biotech	42.65	n/a	n/a
9	Franklin World Health Science & Biotech	Biotech	42.43	n/a	n/a
10	Green Line Health Sciences (US$)	Biotech	40.02	43.17	n/a

All except the Montrusco Bolton TSE 100 Momentum Fund are tech funds. And if you look at the top ten holdings of that fund, they happen to be a who's who of Canadian blue chip tech stocks - Research in Motion, C-Mac, Sierra Wireless, Descartes, Certicom, Ballard, BCE Emergis, Mitel, JDS Uniphase and Cognos. And they make up 88.7% of the fund. Who said technology stocks were dead?

Amazingly, five of the top three-month funds were brand new funds launched after January 1st this year.

In all, 165 funds returned 20% or better during the summer. 44 of those returned better than 30%. Of the latter, 35 were explicit technology funds - either Internet funds, science and technology funds, telecommunications funds or health sciences/biotech funds. And of the other 9, four besides the Montrusco Bolton fund already noted were heavily weighted in technology stocks. The remaining four were one international fund and three small caps.

There is a technological revolution going on, folks! And investors are being rewarded for backing it.

There were 70 Power Performers for August, up from 39 in July. Of those, 26 were Super Power Performers, up from 18 in July. Power Performers, of course, are those fund returning better than 20% for each of the one year, three year and five year periods. The Super Power Performers returned better than 25% in each of those time frames.

Five Super Power Performers are 100% RRSP eligible as are 16 of the others. Whether investing inside or outside your RRSP, there are plenty of strong performing funds to choose from!

The subject page for mutual funds is now linked in a separate grouping of the most popular subject links at the top of the subjects column on the left of my pages. I've moved Segregated Funds and Labour Sponsored Funds as well as all the other fund link pages as subsidiary pages from that one link. Hopefully this will make navigating this site a bit easier. Please email me if you have ideas on other subjects I can include or on the layout and organization of the site.

Value Averaging - You've heard of dollar cost averaging. But how about value averaging? About's Mutual Funds Guide Marlene Dziegeleski explains.

GlobeFund - Canada's premier mutual fund site. Part of the Thomson Financial media group.
The Fund Library - Another superb resource for Canadian mutual fund investors.
The Fund Counsel - Economists Levi Folk and Richard Webb run this excellent site.
Morningstar Canada - Formerly Portfolio Analytics, this is another superb Canadian mutual fund resource.
U.S. Mutual Funds - About Guide Marlene Dziegeleski steers you through the world of US mutual funds.

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