Top 5 Zacks #1 Ranked Global Mutual Funds
Investors can no longer ignore the attractions of global equity markets and limit themselves to domestic investments. Though U.S equity markets retain their global significance, they no longer command the importance which they did in the past. Research has also shown that a prudent combination of foreign and domestic investments provide better results and aid in reducing risk. With their analytical prowess and expert management global mutual funds provide investors with a unique opportunity to harness the strengths of both local and international financial markets.
Below we will share with you 5 top rated global 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 global funds, investors can click here to see the complete list of funds.
Russell Global Equity A (RGEAX) seeks capital appreciation over the long term. The fund focuses on investing in companies with economic linkages to a number of countries worldwide, as well as in the U.S. It focuses on investing in large and mid-cap companies. The global mutual fund has a three year annualized return of 9.24%.
The fund manager is Matthew Beardsley and he has managed this global mutual fund since 2009.
Nuveen Tradewinds Global All-Cap A (NWGAX) invests 40% to 75% of its assets in foreign equity securities. Not more than 35% of its assets are invested in a single foreign nation. A maximum of 25% of its assets are invested in emerging economies. The global mutual fund has a three year annualized return of 3.15%.
The global mutual fund has a minimum initial investment of $3,000 and an expense ratio of 1.29% compared to a category average of 1.36%.
Oppenheimer Global Opportunities A (OPGIX) seeks capital growth as well as current income. The fund invests in a wide range of equity securities worldwide. The fund focuses on acquiring stocks, but may also purchase debt securities. The global mutual fund has a three year annualized return of 5.63%.
As of March 2013, this global mutual fund held 64 issues, with 9.57% of its total assets invested in Nektar Therapeutics, Inc.
Ivy Cundill Global Value A (ICDAX) invests in equity securities issued by local companies in developed as well as emerging markets. The stocks are considered undervalued compared to their current market valuations. The global mutual fund has a three year annualized return of 6.68%.
The fund manager is James Thompson and he has managed this global mutual fund since 2009.
Hartford Global Growth A (HALAX) seeks capital appreciation. The fund invests a minimum of 65% of its assets in securities of both domestic and foreign growth-oriented companies. It has no restrictions on the amount to be invested in any single country. It may invest in emerging market securities. The global mutual fund has a three year annualized return of 9.80%.
The global mutual fund has a minimum initial investment of $2,000 and an expense ratio of 1.49% compared to a category average of 1.36%.
To view the Zacks Rank and past performance of all global 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 RGEAX
Read the analyst report on NWGAX
Read the analyst report on OPGIX
Read the analyst report on ICDAX
Read the analyst report on HALAX
View All Zacks #1 Ranked Mutual Funds
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