5 fun facts for the top 4 best-selling funds with significant exposure to AI tech stocks on Futu MooMoo Fund Hub and how to select the one that yield the best results in August 2023.

Despite a recent study by BlackBerry ( $BlackBerry(BB.US)$ ) revealing more than 74% of organisations worldwide are currently implementing or considering bans on generative artificial intelligence (*1), the following 4 funds with significant exposure to AI tech stocks continue to be popular among Mooers, and they are:

Allianz Global Artificial Intelligence Fund
Blackrock World Technology Fund
Fidelity Global Technology Fund
Franklin Technology Fund

Thus, in today's discussion, 5 fun facts about them in Jun-Jul 2023 may give us some insights on why they are popular among Mooers. Do also note that the mentioned figures may be different depending on which month that Mooers are looking at.

Without further ado, let's begin!

Fun Fact 1: The top sector, which is the technology sector, that Allianz invests in is less than 60% of its whole portfolio.
This could be one of the reasons why Allianz are popular because the fund is more diversified. The fund also invests in other sectors such as communication services sector, which stood about 12% to 13% and consumer cyclical sector of about 11% to 12%, even though it had invested about 55% to 57% of its moolah in the technology sector.

Fun Fact 2: The weightage of the top 3 holdings for Blackrock is at least 25%.
The top 3 stocks from Blackrock, which is Microsoft ( $Microsoft(MSFT.US)$ ), Apple ( $Apple(AAPL.US)$ ), Nvidia Corp ( $NVIDIA(NVDA.US)$ ), weight at least 25% of its whole portfolio. Mooers who bought this fund can expect better performance should these 3 stocks excel in August 2023.

Fun Fact 3: One of Fidelity industry awards came from Futu MooMoo
Besides the one from $Futu Holdings Ltd(FUTU.US)$ , it is also awarded the Excellence in Service (4th consecutive year) and Best Regional Asset Management House in 2023. This could be one of the reasons why Fidelity is popular among Mooers.

Fun Fact 4: Franklin has the least capital in cash and cash equivalents.
Franklin keeps only 1.27% of its investment as cash and invest the rest of its capital in equity securities of companies that are expected to benefit from the development, advancement and the use of technology. Mooers who want as much capital to be invested will likely choose Franklin.

Fun Fact 5: Apple, Amazon and Microsoft are the most popular stocks among the 4 funds.
At least 3 of the funds holds Apple, Amazon ( $Amazon(AMZN.US)$ ) and Microsoft in their top 10 holdings. Other stocks such as ASML Holding ( $ASML Holding(ASML.US)$ ), Mastercard Inc ( $MasterCard(MA.US)$ ), Nvidia Corp and Tesla ( $Tesla(TSLA.US)$ ) is also in the top 10 holdings of at least 2 of the mentioned funds.

So, Mooers might be wondering which fund(s) may yield the best results in August 2023. There is no guarantee that which fund(s) may yield the best results in August 2023. This is because, although the 4 funds look quite the same, they are still different in various aspects such as investment objectives, even when they trade more technology stocks than other funds.

We have come to the end of today's topic. Remember to show your support by follow, like, share, and comment on this post and as always, don't forget to DYODD (Do your own due diligence) when making any kind of investment.

References:

*1: Why Are So Many Organizations Banning ChatGPT?