Top 5 Zacks #1 Ranked Global Mutual Funds - Best of Funds
February 26 2013 - 11:49AM
Zacks
The key benefit that global mutual funds provide is
diversification since they invest in overseas markets while also
holding domestic equities. Thus, they make good additions to a
portfolio weighted in favor of domestic investments. The tepid
economic climate in mature markets such as Europe and the US has
led global fund managers to look for better opportunities in
emerging markets which may also imply dealing with greater
volatility However, it has been observed over the years that a
judicious combination of foreign and domestic investments generate
better returns at lower levels of risk.
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. To view the
Zacks Rank and past performance of all global funds, investors can
click here to see the complete list of funds.
Oppenheimer Global A (OPPAX) seeks capital growth. The
fund invests in a wide range of securities worldwide, which may
also include companies from emerging markets. The fund focuses on
investing in large and mid-cap firms and invests in minimum three
countries. The global mutual fund has a one year annualized return
of 22.22%.
The global mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.22% compared to a category average
of 1.36%.
MassMutual Premier Global A (MGFAX) invests without any
restriction across several countries including emerging economies.
However, it primarily focuses on investments in developed markets
such as the US, Western European countries and Japan. The global
mutual fund has a one year annualized return of 21.75%.
As of November 2012, this global mutual fund held 90 issues,
with 3.28% of its total assets invested in eBay Inc.
Polaris Global Value (PGVFX) seeks capital growth. The
fund invests predominantly in common stocks of companies across the
world as well as ADRs. These firms may also include companies from
emerging markets. It invests in around 15 different industries and
seeks to diversify across regions. The global mutual fund has a one
year annualized return of 21.03%.
The fund manager is Bernard R. Horn, Jr. and he has managed this
global mutual fund since 1998.
Thornburg Global Opportunities A (THOAX) invests in a
wide range of equity securities worldwide. This includes common and
preferred stocks, real estate investment trusts and other equity
trusts. The global mutual fund has a one year annualized return of
18.86%.
The global mutual fund has a minimum initial investment of
$5,000 and an expense ratio of 1.49% compared to a category average
of 1.36%.
Putnam Global Equity A (PEQUX) seeks capital growth. The
fund invests the majority of its assets in equity securities of
companies across the world. It focuses on acquiring common stocks
of large and mid-cap companies. The fund primarily invests in
mature economies but may also invest in firms from emerging
markets. The global mutual fund has a one year annualized return of
18.47%.
The fund manager is Shigeki Makino and he has managed this
global mutual fund since 2002.
To view the Zacks Rank and past performance of all global mutual
funds, investors can click here to see the complete list of
funds.
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.
View All Zacks #1 Ranked Mutual Funds
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