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Home > Financial Services > Mutual Funds > Firsthand Funds
Firsthand Funds
Firsthand Funds was started in 1994 by technology industry veterans who were of the belief that no matter what your investment focus, there is absolutely no substitute for firsthand experience. Firsthand experience is a key element of the process of investment for all funds, from the technology sector funds they manage internally, to their new Firsthand Health Sciences Fund, for which they have hired two outstanding external managers who are renowned in the field of investment.
Firsthand offers six sector funds that include health care sector fund, and five technology sector funds viz Firsthand Technology Value Fund, Firsthand Technology Leaders Fund, Firsthand Technology Innovators Fund, Firsthand e-Commerce Fund, and Firsthand Global Technology Fund. By combining firsthand knowledge and critical judgment with traditional securities analysis techniques, First Hand investment professionals are in an exclusive position to identify far-reaching trends, conduct extensive due carefulness, and select companies poised to benefit from a changing world.
In Firsthand e-Commerce the investment seeks long-term growth of capital invested. The fund normally invests at least eighty percent of all assets in equity securities of companies that provide products, services, and technologies that facilitate the growth of electronic commerce. The management intends to focus on companies that provide products and services that support the growth of electronic commerce. It is non-diversified. Each of the company’s mutual funds focuses its investments in a single sector. Thus, these funds are subject to greater risk and volatility than more diversified funds. Because the return on and value of an investment in the funds will fluctuate in response to stock market movements, the most significant risk of investing in these funds is that you may lose money. Potential investors should be aware that an investment in a sector fund does not, by itself, constitute a balanced portfolio and is not appropriate if your key goal is preservation of capital.
Firsthand Technology Leaders Fund is subject to greater risk than more diversified funds because of its investments in fewer securities and because of its concentration of investments in certain industries in the technology sector. Most of the analysts at Firsthand, have technology industry experience. They have literally lived in the industries they invest in and thrive on keeping up with the latest innovations and breakthroughs. They believe short-term trading is risky, can cause excessive turnover, and often creates larger tax burdens. This is why First Hand invests for the long-term periods and look for companies that will deliver steady growth over time—companies with insight, solid technology and management experience, and a sound business plan to turn their vision into reality.
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