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 the 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 harness the strengths of both 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. To view the Zacks Rank and past performance of all global funds, investors can click here to see the complete list of funds.
First Eagle Global A (SGENX) seeks capital appreciation over the long term. The fund invests a large proportion of its assets in domestic and foreign common stocks. Foreign securities make up around 40% of the fund’s total investments. The global mutual fund has a three year annualized return of 10.9%.
The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.13% compared to a category average of 1.22%.
Aberdeen Global Small Cap A (WVCCX) utilizes a large share of its assets to purchase equity securities of small companies worldwide. The companies invested in must be identical to those that make up the Russell 2000 Index at the time of purchase. The global mutual fund has a three year annualized return of 19.36%.
The fund manager is Stephen Docherty and he has managed this global mutual fund since 2009.
MassMutual Premier Global A (MGFAX) seeks to generate long term capital appreciation. The fund 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 three year annualized return of 8.91%.
The global mutual fund has an expense ratio of 1.43% compared to a category average of 1.43%.
Marsico Global Fund (MGLBX) seeks capital growth. The fund invests in common stock of domestic as well foreign companies with a focus on companies having their principal business outside the U.S. The stocks are selected on their growth potential. The global mutual fund has a three year annualized return of 14.65%.
As of March 2012, this global mutual fund held 40 issues, with 7.27% of its total assets invested in Apple, Inc.
Ivy Cundill Global Value A (ICDAX) seeks long term capital appreciation by primarily investing in equity securities issued by local companies in developed as well as emerging markets. The stocks are considered undervalued compared to their current market valuations. It may invest up to 20% of its assets in fixed income securities as well. The global mutual fund has a three year annualized return of 3.55%.
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, 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 at http://www.zacks.com/funds.
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