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Top 5 Global Mutual Funds
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ShareThe key benefit that global mutual funds provide is diversification since they invest in overseas markets while also holding domestic equities. Thus, they make good additions to a portfolio weighted in favor of domestic investments. The tepid economic climate in mature markets such as Europe and the US has led global fund managers to look for better opportunities in emerging markets which may also imply dealing with greater volatility However, it has been observed over the years that a judicious combination of foreign and domestic investments generate better returns at lower levels of risk.
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, then click here.
JHancock3 Global Shareholder Yield A (JGYAX) invests heavily in a wide range of income generating equity securities worldwide. Up to 20% of its assets are invested in emerging market securities. Not more than 15% of its assets may be invested in illiquid investments. This global mutual fund returned 13% over the last one year period.
The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.55% compared to a category average of 1.52%.
ING Global Value Choice A (NAWGX) seeks capital growth over the long term. The fund 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. The global mutual fund has a five year annualized return of 10.89%.
David B. Iben is the fund manager has managed this global mutual fund since 2006.
Thornburg Global Opportunities A (THOAX) invests in a wide range of equity securities worldwide. This includes common and preferred stocks, real estate investment trusts and other equity trusts. The global mutual fund returned 7.98% over the last one year period.
As of August 2010, this global mutual fund held 32 issues, with 5.11% of its total assets invested in Global Crossing, Ltd.
Nuveen Tradewinds Global All-Cap A (NWGAX) seeks capital appreciation. The fund 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. The global mutual fund has a three year annualized return of 5.95%.
The global mutual fund has a minimum initial investment of $3,000 and an expense ratio of 1.34% compared to a category average of 1.52%.
Wells Fargo Advantage Global Opportunities A (EKGAX) invests the majority of its assets in small and mid-cap companies which are within the market cap range of the S&P Global Small/Mid Cap index. The fund invests primarily in equity securities from at least three countries, including the U.S. This global mutual fund returned 15.1% over the last one year period.
Francis X. Claro is the fund manager and he has managed this global mutual fund since 1999.
To view the Zacks Rank and past performance of all global mutual 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.
Read the full analyst report on JGYAX
Read the full analyst report on NAWGX
Read the full analyst report on THOAX
Read the full analyst report on NWGAX
Read the full analyst report on EKGAX
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| Market Summary | May 26, 2012 08:45 am ET |
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