5 Strong Buy Non-US Mutual Funds to Boost Your Return
Investors may find non-U.S. mutual funds more attractive than those with significant domestic exposure. Presently, the domestic market has been sluggish following a decline in Fed rate hike chances, “Brexit” fears and the recent slump in oil prices.
Meanwhile, as the central banks of Japan and England have opted to keep rates unchanged to stabilize their respective economies, these countries provide lucrative investment propositions. Moreover, non-U.S. mutual funds are excellent choices for those looking to diversify their investments across a wide range of foreign countries including both emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove profitable.
Below we share with you five top-rated Non-U.S. mutual funds. Each has earned a Zacks Mutual Fund Rank #1(Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Non-U.S. mutual funds, investors can click here to see the complete list of Non-US funds.
MFS International Value A MGIAX invests generally in equity securities of non-U.S. companies including those located in emerging countries. MGIAX invests in securities including common stocks of companies that are believed to be undervalued. MFS International Value A fund has a three-year annualized return of 7.6%.
PIOTX has an expense ratio of 1.02% as compared to the category average of 1.14%.
Schwab Fundamental International Small Company Index SFILX seeks total returns of the Russell Fundamental Developed ex-U.S. Small Company Index. SFILX normally invests in securities of companies registered in this index. Schwab Fundamental International Small Company Index fund has a three-year annualized return of 5.9%.
Agnes Hong is one of the fund managers of SFILX since Feb 28, 2012.
Fidelity International Capital Appreciation FIVFX primarily invests in securities of foreign companies including those that operate in emerging markets. FIVFX seeks growth of capital for the long run. It measures the industry position as well as financial and market condition of each company before selecting investments. The fund focuses on acquiring securities of companies from different countries. Fidelity International Capital Appreciation fund has a three-year annualized return of 6.9%.
As of Apr 2016, FIVFX held 180 issues, with 1.85% of its assets invested in Nestle S.A.
Manning & Napier International S EXITX seeks growth over the long run. EXITX primarily focuses on acquiring securities of non-U.S. companies from both developed and emerging nations. The fund also invests in U.S. dollar denominated securities including American Depository Receipts (ADRs) of foreign companies. EXITX may invest in securities of companies with different market cap size. Manning & Napier International S fund has a three-year annualized return of 1.5%.
PIOTX has an expense ratio of 1.10% as compared to the category average of 1.14%.
Fidelity International Small Cap Opportunities (FSCOX invests a major portion of its assets in securities of small cap companies. FSCOX seeks capital growth and invests not only in foreigncompanies but also in emerging markets. It conducts fundamental analysis to measure the companies’ market position and financial condition. Fidelity International Small Cap Opportunities fund has a three-year annualized return of 6.7%.
Jed Weiss is the fund manager of FSCOX since Dec 17, 2008.
To view the Zacks Rank and past performance of all Non-US mutual funds, investors can click here to see the complete list of Non-US 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 https://www.zacks.com/funds.
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