Buy These Oppenheimer Mutual Funds for Healthy Returns
OppenheimerFunds is a subsidiary of MassMutual, one of the leading asset managers, with around $600 billion assets under management along with its affiliates. OppenheimerFunds was founded in 1959 and has over 2,000 employees and 170 investment professionals serving clients, including financial advisors, individual investors and institutional investors, across 77 countries. It has more than $229 billion worth of assets (as of Oct 31, 2018) under management invested in 76 mutual funds across a wide range of categories, including equity, fixed income, alternative and multi asset funds.
Below we share with you three top-ranked Oppenheimer mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Oppenheimer funds.
Oppenheimer Gold & Special Minerals A OPGSX invests primarily in common stocks of companies engaged in processing, mining and dealing in gold, gold bullion and precious metals-based ETFs. OPGSX invests not more than one-fourth of its assets in the Oppenheimer Gold & Special Minerals Fund (Cayman) Ltd. Oppenheimer Gold & Special Minerals A has three-year annualized returns of 9.9%.
OPGSX has an expense ratio of 1.16% compared with the category average of 1.37%.
Oppenheimer International Small-Mid Company A OSMAX invests a large chunk of its assets in equity securities of mid- and small-cap companies. The fund manager focuses on investing in those companies that are included on the MSCI All Country World (ACWI) ex-U.S. SMID Index. OSMAX seeks growth of capital. Oppenheimer International Small-Mid Company A has three-year annualized returns of 11.5%.
Frank V. Jennings is the fund manager of OSMAX since September 2018.
Oppenheimer Gold & Special Minerals Y OGMYX invests mainly in common stocks of companies involved in mining, processing or dealing with gold. OGMYX seeks growth of capital. The fund may also invest nearly one-fourth of its assets in its subsidiary, the Oppenheimer Gold & Special Minerals Fund Ltd. Oppenheimer Gold & Special Minerals Y fund has three-year annualized returns of 10.2%.
As of July 2018, OGMYX held 103 issues, with 7.10% of its assets invested in Kirkland Lake Gold Ltd.
To view the Zacks Rank and past performance of all Oppenheimer Mutual Funds, investors can click here to see the complete list of funds.
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