Wireless Fund Names Well-Regarded Veteran Technology Manager Paul Meeks as Lead Manager
SAN DIEGO, CA / ACCESSWIRE / October 24, 2018 / Wireless Fund (NASDAQ: WIREX) is honored to announce that veteran tech manager, Paul Meeks, CFA® has taken on the role of lead manager of Wireless Fund.
Mr. Meeks has over 30 years of research, equity analysis, and portfolio management experience. He is frequently invited for guest appearances on CNBC.com, Google, YouTube, Squawk Box and more. CNBC calls him a “Top Tech Investor” and a “Platinum Portfolio Manager.”“We are excited to have Paul as the lead manager of Wireless Fund,” said Wireless Fund founder, Jeff Provence. “Paul has a unique background, has managed technology and growth mutual funds, and will provide additional management insight for Wireless Fund.”
About Wireless Fund:
Wireless Fund is a mutual fund that invests its assets in the securities of companies engaged in the development, production, or distribution of wireless related products or services. Examples of holdings in Wireless Fund as of September 30, 2018 included Apple Inc. at 11.12% of net assets (AAPL); PayPal Holdings, Inc. at 5.11% of net assets (PYPL) and QUALCOMM Incorporated at 4.27% of net assets (QCOM).
“I am excited to take the reigns of the Wireless Fund. So much of today’s technology focuses on wireless and mobile technology. One example is PayPal that recently reported third quarter earnings and noted that the strong mobile engagement on their platform contributed to approximately $57 billion in mobile payment volume, growing approximately 45%. In PayPal’s third quarter, mobile payment volume represented 40% of overall total payment volume,” noted Meeks.
Each company discussed in this article was owned by Wireless Fund as of October 24, 2018. Wireless Fund is available from many of the major mutual fund supermarkets. More information on the wireless revolution can be found at http://www.wirexfund.com.
Investors should consider the investment objective, risks, and charges and expenses of the Fund carefully before investing. The Fund’s prospectus contains this and other information about the Fund and is available at http://www.wirexfund.com or upon request by calling 1-800-590-0898. Please obtain and carefully read the prospectus before investing.
An investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested. The risks associated with the Fund, detailed in the Prospectus, include the risks of investing in common stocks, small capitalization companies and foreign securities. Because the Fund concentrates its investments in the wireless industry, the Fund is subject to the risk that companies in that industry are likely to react similarly to legislative or regulatory changes, adverse market conditions and/or increased competition affecting that market segment. The Fund is a non-diversified fund and therefore may be subject to greater volatility than a more diversified investment.
Distributed by Rafferty Capital Markets, LLC Garden City, NY 11530.
SOURCE: Wireless Fund