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Top 5 Global Funds
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ShareWith a number of lucrative options existing outside international borders, investors can no longer afford to invest only in domestic stocks. Though the global significance of the U.S. equity markets remain undiminished, they no longer dominate international markets as they did in the past. Over the years, research has shown that a portfolio with a combination of domestic and foreign securities produces better returns over the long term. Global mutual funds allow investors to harness the strength of international markets while ensuring that their investments retain their local flavor to a certain degree.
Below we will share with you 5 top rated global 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 global funds, then click here.
Aim Global Equity A (GTNDX) seeks capital appreciation over the long term. It invests the majority of its assets in domestic and foreign equity securities. It may also invest in derivative instruments such as warrants, futures, options, ADRs and exchange-traded funds. This global fund returned 50.65% over the last one year period.
The global fund has a minimum initial investment of $1,000 and an expense ratio of 1.66% compared to a category average of 1.53%.
ING Global Value Choice A (NAWGX) invests at least 65% of its assets in different countries, including the U.S. The majority of its assets are invested in stocks, depository receipts, derivatives and convertible securities. It may also consider purchasing ADRs and dollar denominated foreign securities. The fund has a three year annualized return of 6.12%.
David B. Iben is the fund manager and he has managed this global fund since 2006.
Manning & Napier World Opportunities A (EXWAX) seeks long-term capital growth. It invests in common stocks of companies worldwide, including firms from the U.S. It purchases ADRs and other dollar denominated foreign securities. It is non-diversified and may invest in companies form both developed and emerging markets. It is a no-load fund.
The global fund returned 59.6% over the last one year period and has a five year annualized return of 5.96%.
Polaris Global Value (PGVFX) invests mainly in common stock of companies of all sizes worldwide. It invests its assets across around 15 industries to achieve a significant degree of diversification. The fund also considers purchasing securities from emerging or developing markets. This global fund has a ten year annualized return of 5.95%.
As of December 2009, this global fund held 75 issues, with 2.80% of its total assets invested in Barratt Developments PLC.
Putnam Global Equity A (PEQUX) seeks capital growth by investing at least 80% of its assets in equity of companies across the globe. It focuses on purchasing common and preferred stocks of large and mid-sized companies, but may also invest in smaller companies. The global fund returned 56.33% over the last one year period.
The fund manager is Shigeki Makino and he has managed this global fund since 2002.
To view the Zacks Rank and past performance of all global funds, then click here.
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/mutualfund/.
Read the full analyst report on GTNDX
Read the full analyst report on NAWGX
Read the full analyst report on EXWAX
Read the full analyst report on PGVFX
Read the full analyst report on PEQUX
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| Market Summary | May 26, 2012 07:42 am ET |
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