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.
ING Templeton Global Growth S2 (ICGGX) seeks capital growth. The fund invests predominantly in equity securities worldwide, which may also include companies from emerging markets. It may invest a maximum of 25% of its assets in government and corporate debt instruments issued from different countries. The global mutual fund has a one year annualized return of 21.22%.
The fund manager is Lisa Myers and he has managed this global mutual fund since 2005.
Oppenheimer Global Value A (GLVAX) invests primarily in common stocks of domestic and foreign nations that are considered to be undervalued. The fund may invest in any nation and foreign company regardless of the market capitalization of the firm. The global mutual fund has a one year annualized return of 20.29%.
As of January 2013, this global mutual fund held 69 issues, with 3.74% of its total assets invested in Griffon Corporation.
Templeton World A (TEMWX) seeks capital appreciation over the long term. It focuses on investing in equity securities issued by companies situated worldwide. The fund focuses on investing in common stock and may purchase emerging market securities. The fund normally invests in a minimum of three different nations, including the U.S. The global mutual fund has a one year annualized return of 18.42%.
The global mutual fund has an expense ratio of 1.09% compared to a category average of 1.36%.
GAMCO Global Growth AAA (GICPX) invests a minimum of 65% of its assets in securities of companies that are undervalued and have the potential to grow. It invests in a minimum of three countries at any given point. Not less than 40% of its assets are invested in foreign securities. The global mutual fund has a one year annualized return of 17.76%.
The fund manager is Howard F. Ward and he has managed this global mutual fund since 1994.
Oakmark Global Select I (OAKWX) seeks capital growth. The fund invests in common stocks of domestic and foreign firms. It may invest up to 40% of its assets in foreign companies. The global mutual fund has a one year annualized return of 21.82%.
The global mutual fund has an expense ratio of 1.23% compared to a category average of 1.36%.
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.
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