Investors can no longer ignore the attractions of global equity markets and limit themselves to domestic investments. Though U.S equity markets retain their global significance, they no longer command the importance which they did in times past. Research has also shown that a prudent combination of foreign and domestic investments provide better results and aid in reducing risk. With their analytical prowess and expert management global mutual funds provide investors with a unique opportunity to tap into the strengths of local and international financial markets.
Below we will share with you 5 top rated global mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future.
Virtus Global Opportunities A (NWWOX) invests the majority of its assets in companies from across the globe, including domestic firms and those located in emerging markets. The fund seeks to invest in high quality global firms exhibiting superior financial performance over a considerable time period. The global mutual fund returned 21.96% in the last one year period.
The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.57% compared to a category average of 1.46%.
Aberdeen Global Small Cap A (WVCCX) seeks capital appreciation over the long term. The fund utilizes a large share of its assets to purchase equity securities of small companies worldwide. A minimum of 30% of its assets are invested in foreign companies. The global mutual fund has a ten year annualized return of 3.76%.
The fund manager is Stephen Docherty and he has managed this global mutual fund since 2009.
Tweedy, Browne Worldwide High Dividend Yield Value (TBHDX) invests the majority of its assets in domestic and foreign equity securities. A minimum of 40%of the fund’s assets are utilized to acquire foreign securities. The global mutual fund returned 15.81% in the last one year period.
The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.37% compared to a category average of 1.46%.
Oppenheimer Global Opportunities A (OPGIX) seeks capital growth as well as current income. The fund invests in a wide range of equity securities worldwide. The fund focuses on acquiring stocks, but may also purchase debt securities. The global mutual fund has a three year annualized return of 8.9%.
As of August 2011, this global mutual fund held 103 issues, with 5.22% of its total assets invested in Advanced Micro Devices Inc.
Ivy Cundill Global Value A (ICDAX) purchases both domestic and foreign equity securities, including those issued from emerging markets. Not more than 20% of its assets are invested in debt securities issued by companies which have filed for bankruptcy or are likely to do so shortly. The global mutual fund returned 7.85% over the last one year period.
The fund manager is James Thompson and he has managed this global mutual fund since 2009.
To view the Zacks Rank and past performance of all global mutual funds, then click here.
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 at http://www.zacks.com/funds.