Over the years, studies have consistently shown that investing in both domestic equities and foreign stocks reduces portfolio risk while enhancing returns. In addition, the primacy of the US equity markets has greatly diminished with its share of global stock market capitalization declining steadily. This is why investors can no longer limit themselves to domestic investments. By holding widely diversified portfolios selected after careful research, global mutual funds offer a secure an attractive opportunity for investors looking at this category.
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.
Hartford Global Growth A (HALAX) seeks capital apprHALAXeciation. A minimum of 65% of assets are invested in securities of growth companies across the globe. A maximum of 25% of assets may be invested in companies primarily operating in emerging markets. The global mutual fund has returned 28.91% over the last one year period.
Matthew D. Hudson is the fund manager and has managed the fund since 2007.
Oppenheimer Global Opportunities A (OPGIX) primarily invests in a wide range of domestic as well as foreign equity securities. The fund focuses on acquiring stocks, but may also purchase debt securities. The fund may also invest in developing or emerging countries and in small and midcap companies. The global mutual fund has returned 38.12% over the last one year period.
The global mutual fund has an expense ratio of 1.21% compared to a category average of 1.35%.
Dreyfus Worldwide Growth A (PGROX) seeks capital growth on a long term basis along with capital preservation and current income. The fund invests a minimum of 25% of its assets in domestic and foreign companies each. It focuses on ‘blue-chip’ companies whose market cap is more than $5 billion. The global mutual fund has returned 11.97% over the last one year period.
As of December 2013, this fund held 50 issues with 6.99% of its assets invested in Philip Morris International, Inc.
Virtus Global Opportunities A (NWWOX) invests in equity and related securities issued from across the world. This includes domestic securities as well as those issued from developing economies. The companies selected must have proven performance records over a significant time period. The global mutual fund returned 11.35% over the last one year period.
The fund manager is Matthew Benkendorf and has managed this global mutual fund since 2009.
JHancock2 Technical Opportunities A (JTCAX) invests in equity and like securities of global companies including companies from developing and emerging countries. A maximum of 25% is invested in a particular industry. However, it may invest without limit in an economic sector. The global mutual fund returned 42.77% over the last one year period.
The global mutual fund has an expense ratio of 1.78% compared to a category average of 1.35%.
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.
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