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Top 5 International Bond Funds
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ShareInternational bonds represent nearly 60% of the fixed-income investment opportunities worldwide. This includes bond issues from emerging economies and non-government entities. Since interest rate fluctuations differ from country to country, international bonds help to balance downturns in U.S. markets. This is because they show little correlation with domestic equities and only moderate correlation with investment grade domestic debt. Further they help in diversifying currency exposure and protect assets against a long-term decline in the U.S. dollar
Below we will share with you 5 top rated international bond 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 international bond funds, then click here.
Federated International High Income A (IHIAX) invests in emerging market debt securities with different maturity periods. The fund may purchase a significant amount of securities rated below investment grade. It may enter into derivative contracts and acquire shares of exchange traded funds. The international bond fund returned 44.23% in the last one year period.
The international bond fund has an expense ratio of 1.24% compared to a category average of 1.34%.
SEI International Emerging Markets Debt A (SITEX) seeks total return. It invests a large share of its assets in fixed income emerging market securities. It focuses on dollar-denominated debt securities issued by governments and companies in emerging markets. Not more than 25% of its assets may be invested in a single country. The international bond as a three year annualized return of 7.22%.
Daniel K. Eustaquio is the fund manager and he has managed this international bond fund since 2008.
Goldman Sachs Emerging Markets Debt A (GSDAX) invests at least 80% of assets in emerging-market fixed-income securities. Most of the countries which the funds invest in are rated below investment grade or are unrated. The international bond fund returned 40.98% in the last one year period and has a five year annualized return of 10.72%.
The international bond fund has an expense ratio of 1.22% compared to a category average of 1.34%.
Fidelity New Markets Income A (FNMIX) seeks current income with capital growth as a secondary objective. The majority of its assets are used to purchase emerging market debt securities issued by companies and governments. The fund may invest in securities rated below investment grade and those in default. The international bond fund returned 42.05% over the last one year period.
As of March 2010, this international bond fund held 220 issues, with 5.75% of its total assets invested in Russian Federation 7.5%
JPMorgan Emerging Markets Debt (JEMDX) invests the majority of its assets in debt securities issued in emerging markets. These securities may be dollar-denominated or may be issued in foreign currencies. The fund is non-diversified and may also purchase securities rated below investment grade. It has a ten year annualized return of 9.79%.
Pierre-Yves Bareau is the fund manager and he has managed this international bond fund since 2009.
To view the Zacks Rank and past performance of all international bond 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 IHIAX
Read the full analyst report on SITEX
Read the full analyst report on GSDAX
Read the full analyst report on FNMIX
Read the full analyst report on JEMDX
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| Market Summary | May 26, 2012 08:09 am ET |
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