Top 5 Highest Yielding Zacks #1 Ranked International Bond Mutual Funds
The international bond market has come to represent a particularly lucrative opportunity for investors. Though the U.S. bond market continues to attract investors, it has featured infrequently among the best performing international markets. Today international markets represent more than half of the world’s fixed income investment opportunities. Further, the presence of foreign fixed income securities in a portfolio helps protect capital invested against currency fluctuations. With their widely diversified holdings, mutual funds offer a secure route to investing in the international bond market.
Below we will share with you the 5 highest yielding Zacks #1 ranked international bond 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 international bond funds, investors can click here to see the complete list of funds.
Mutual Fund | Sec 30 Day Yield |
T. Rowe Price Emerging Markets Bond | 6.54% |
J.P.Morgan Emerging Markets Debt | 5.76% |
Goldman Sachs Emerging Markets Debt A | 4.88% |
Fidelity New Markets Income | 4.75% |
Columbia Emerging Markets Bond A | 4.1% |
T. Rowe Price Emerging Markets Bond (PREMX) seeks to provide a high level of current income and invests heavily in emerging market debt securities. These could be both government securities and those issued by corporate entities. The international bond mutual fund returned 8.24% in the last one year period.
The international bond mutual fund has an expense ratio of 0.94% compared to a category average of 1.27%.
J.P.Morgan Emerging Markets Debt (JEMDX) invests in fixed income securities issued from developing economies which are expected to provided high total return. The fund may also invest in high yielding bonds with low credit ratings. The international bond mutual fund returned 11.03% in the last one year period.
As of April 2012, this international bond mutual fund held 178 issues, with 8.61% of its total assets invested in Russian Federation 7.5%.
Goldman Sachs Emerging Markets Debt A (GSDAX) seeks income and capital growth. The fund invests the majority of its assets in debt securities issued from emerging markets. The average maturity period of securities which make up the fund are identical to those included in the J.P. Morgan EMBI Global Diversified Index. The international bond mutual fund returned 11.56% in the last one year period.
The Fund Manager is Samuel Finkelstein and he has managed this international bond mutual fund since 2003.
Fidelity New Markets Income (FNMIX) invests a large proportion of its assets in emerging market securities and other instruments related to such markets. It is a non diversified fund and may also invest in other instruments. The international bond mutual fund returned 13.27% in the last one year period.
The international bond mutual fund has an expense ratio of 0.86% compared to a category average of 1.27%.
Columbia Emerging Markets Bond A (REBAX) seeks both capital growth and income. The fund invests the majority of its assets in fixed income securities issued from emerging markets. Not more than one-fourth of its assets may be utilized to purchase instruments issued by any single foreign government. The international bond mutual fund returned 9.6% in the last one year period.
The Fund Manager is Nicholas Pifer and he has managed this international bond mutual fund since 2006.
To view the Zacks Rank and past performance of all international bond 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.
Read the analyst report on PREMX
Read the analyst report on JEMDX
Read the analyst report on GSDAX
Read the analyst report on FNMIX
Read the analyst report on REBAX
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