The fortunes of U.S. equity markets continue to be a key determinant of the health of the global economy. However, their dominance has receded significantly over the years and a world of exciting opportunities has emerged in global markets. Moreover, research has shown that a portfolio with a combination of domestic and foreign securities produces greater returns over the long term. Global funds allow investors to hold an optimum combination of international and domestic investments without incurring the costs of holding such securities individually.
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.
T. Rowe Price Global Stock (PRGSX) focuses on investing in common stock of prominent companies worldwide. The fund invests across sectors, concentrating on firms from mature markets. Between 30-40% of its assets are invested in foreign companies. The global mutual fund has a three year annualized return of 5.76%.
Robert N. Gensler is the fund manager and he has managed this global mutual fund since 2005.
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 7.26%.
The global mutual fund has an expense ratio of 1.50% compared to a category average of 1.42%.
Artio Global Equity A (BJGQX) invests the majority of its assets in companies worldwide. Under normal circumstances, not less than 40% of its assets are invested in at least three foreign countries. A maximum of 35% of its assets may be utilized to purchase emerging market securities. The global mutual fund has a three year annualized return of 3.37%.
As of April 2012, this global mutual fund held 201 issues, with 1.96% of its total assets invested in Johnson & Johnson.
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 10.79%.
The fund manager is Frank V. Jennings and he has managed this global mutual fund since 1995.
ING Global Value Choice A (NAWGX) invests at least 65% of its assets in different countries, including the U.S. A large share of its assets is invested in stocks, depository receipts, derivatives and convertible securities. Not more than 25% of its assets are invested in companies from emerging markets. The global mutual fund has a three year annualized return of 4.68%.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.42% compared to a category average of 1.41%.
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 at http://www.zacks.com/funds.
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