New York-based Scudder Kemper Investments recently rolled out two sector funds.
The no-load funds focus on the technology and health-care sectors and are part of the Scudder Choice Series, a set of industry-specific portfolios.
The Scudder Health Care Fund will focus on the health-care industry, although it will initially exclude companies focusing on managed care or long-term care, said a Scudder spokesman. For now, the fund will be heavily weighted in pharmaceutical stocks, with some representation from the medical device manufacturers and biotech areas.
The Scudder Technology Fund will track 40 to 60 stocks with varying market capitalizations and will cover all aspects of technology including hardware and software manufacturers, the spokesman said. In keeping with Scudder's style, the new funds will be managed by a portfolio team, he added.
Scudder has a third Choice Series fund, which focuses on the financial services sector.
The company has $200 billion of assets under management.