With globalization making rapid strides over the years, business operations and capital flows are taking place throughout the world. Unlike the present scenario of the U.S equity markets, international equity markets, especially those of the emerging economies are providing cheaper valuations as equity is attractively priced and highly liquid in these economies, providing a good entry point for the investors. Expert management and international diversification are only some of the reasons why international mutual funds provide a great opportunity to cash in on the rapid growth in the global equity space.
Below we will share with you 5 top rated international 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 funds, investors can click here to see the complete list of funds.
Artisan International Fund (ARTIX) invests a large share of its assets in equity and equity related instruments of companies from developed markets. It may invest some of its assets in common stocks of companies in emerging markets as well without regard to their size. The international mutual fund has a ten year annualized return of 18.15%.
Mark Yockey is the fund manager and has managed this international mutual fund since 1995.
Invesco International Growth A (AIIEX) seeks capital growth over the long term. The fund primarily invests in common stocks of foreign companies on the basis of the liquidity of the stocks and earnings growth potential of the issuing company. The international mutual fund has a ten year annualized return of 7.74%.
As of December 2011, this international mutual fund held 87 issues, with 4.36% of its total assets invested in Invesco Short Term Inv Liquid Assets Institutional.
Members International A (MINAX) seeks long term capital growth of its assets in equities of foreign companies having principal business operations outside the U.S, The shares of these companies must be non-dollar denominated. The international mutual fund has a ten year annualized return of 5.37%.
The international mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.60% compared to a category average of 1.31%.
J Hancock 3 International Growth Fund A (GOIGX) seeks total returns over the long term by maintaining a internationally diversified portfolio of equity shares. The fund’s portfolio is rebalanced depending on company specific published financial information. The international mutual fund has a ten year annualized return of 2.18%.
Thomas Hancock is the fund manager and he has managed this international mutual fund since 2006.
USAA International Fund (USIFX) seeks capital appreciation over the long term. The fund primarily invests in equity securities issued by foreign companies. A large proportion of the assets of the fund are invested in countries from a particular geographic region at a given point in time. The international mutual fund has a ten year annualized return of 7.55%.
The international mutual fund has a minimum initial investment of $3,000 and an expense ratio of 1.21% compared to a category average of 1.45%.
To view the Zacks Rank and past performance of all international 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.
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