Top 5 Zacks #1 Ranked International Bond 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 5 top rated international bond mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its 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.
Franklin Templeton Emerging Market Debt Opportunities (FEMDX) invests a large share of its assets in debt securities issued by emerging markets. The fund may invest without limit in debt securities rated below investment grade. The international bond mutual fund returned 17.22% in the last one year period.
The Fund Manager is William Ledward and he has managed this international bond mutual fund since 2006.
Goldman Sachs Emerging Market Debt A (GSDAX) seeks high total return. The fund invests heavily in government and corporate debt securities issued from emerging markets. The fund invests in securities irrespective of their credit rating. The international bond mutual fund is non-diversified and has returned 19.36% in the last one year period.
The international bond mutual fund has an expense ratio of 1.22% compared to a category average of 1.25%.
MainStay Global High Income A (MGHAX) seeks high levels of current income. It holds securities of issuers located in at least three countries. It predominantly invests in securities rated below investment grade in order to generate high income levels. The international bond mutual fund returned 19.21% in the last one year period.
As of November 2012, this international bond mutual fund held 98 issues, with 2.99% of its total assets invested in Colombia Rep 4.375%.
JPMorgan Emerging Markets Debt (JEMDX) seeks high total return. The fund invests the majority of its assets in Government as well as corporate debt securities issued in emerging markets. The international bond mutual fund returned 20.49% in the last one year period.
The international bond mutual fund has an expense ratio of 0.94% compared to a category average of 1.28%.
Columbia Emerging Markets Bond A (REBAX) invests the majority of its assets in emerging markets fixed income instruments. Not more than one-fourth of its total assets can be allocated to securities issued by any single foreign government. The international bond mutual fund is non-diversified and returned 20.40% 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.
Read the analyst report on FEMDX
Read the analyst report on GSDAX
Read the analyst report on MGHAX
Read the analyst report on JEMDX
Read the analyst report on REBAX
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