Zacks Best Performing Mutual Funds This Year

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May 03, 2011, 04:09 ET

CHICAGO, May 3, 2011 /PRNewswire/ -- Below we will share with the you the top mutual funds in 2011 as highlighted on Zacks.com. During the month of April we looked at real estate mutual funds, technology mutual funds, and energy mutual funds.

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Real Estate Mutual Funds

Real estate mutual funds have delivered good returns in the past and they offer a convenient method for investing in real estate. Low initial investment and well diversified portfolios can go a long way lowering the risk involved. Below are the five best performing real estate mutual funds in 2011.

ProFunds Real Estate UltraSector - #2 Buy
Huntington Real Strategies A - # 1 Strong Buy
Davis Real Estate - #3 Hold
DWS RREEF Real Estate Securities A - #1 Strong Buy
Rydex Real Estate A - #3 Hold

Technology Mutual Funds

Technology has increasingly become an indispensible part of our daily lives and the future prospects of this sector only seem brighter. Moreover, many firms are now greatly reliant on advances in science and technology to drive growth. For investors seeking aggressive long term growth, investing in technology mutual funds could be an extremely prudent option. Beneath we will share with you the top five performing technology mutual funds in 2011.

Waddell & Reed Science & Technology - #2 Buy
Kinetics Internet No Load - #1 Strong Buy
T. Rowe Price Global Technology - #1 Strong Buy
RS Technology A - #3 Hold
Jacob Internet - #3 - Hold

Energy Mutual Funds

In the last five-year period energy funds have performed almost twice as well as the nearest domestic equity fund category. Despite the fact that these instruments carry a higher degree of risk, investors looking for higher returns would do well to consider mutual funds from thus category. Below we will share with you 2011's top energy mutual funds.

ProFunds Oil Equipment Services & Distribution - #1 Strong Buy
ProFunds UltraSector Oil & Gas Investor - #1 Strong Buy
Fidelity Select Energy Services - #1 Strong Buy
Fidelity Select Energy Portfolio - #1 Strong Buy
Rydex Energy Services - #1 Strong Buy

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank.

About Zacks Investment Research

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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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