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A portfolio consisting of both domestic and foreign stocks provides superior returns at comparatively lower risk compared to one which only holds domestic equities. Additionally, the primacy of US stock markets has declined steadily over time. This is why investors cannot continue to restrict themselves to investing in domestic securities alone. Global mutual funds are the best possible method to invest in this particular manner because they hold a wide variety of domestic and foreign securities, significantly lowering the associated 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.
Wells Fargo Advantage Intrinsic World Equity A (EWEAX - MF report) seeks capital growth over the long term. The fund invests the majority of its assets in not less than three countries at the same time, including the U.S., investing a maximum of 25% in a single country. The global mutual fund returned 29.67% in the last one year period.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.46% compared to a category average of 1.47%.
Putnam Global Equity A (PEQUX - MF report) invests the majority of its assets in equity securities of companies across the world. The fund focuses on acquiring common stocks of large and mid-cap companies, though it may also consider smaller companies for investment purposes. The global mutual fund has a ten year annualized return of 2.83%.
Shigeki Makino is the fund manager and he has managed this global mutual fund since 2002.
Fidelity Worldwide (FWWFX - MF report) seeks capital appreciation. The fund purchases securities issued from any nation across the world. It focuses on acquiring common stocks and diversifies investments across various countries and regions. The global mutual fund has a five year annualized return of 5.24%.
The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.12% compared to a category average of 1.47%.
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 fund may also invest in smaller firms with market capitalizations below $500 million. The global mutual fund returned 29.65% over the last one year period.
As of April 2011, this global mutual fund held 31 issues, with 5.14% of its total assets invested in BRF - Brasil Foods SA.
Dreyfus Worldwide Growth A (PGROX - MF report) seeks capital growth with a secondary objective of current income. A large proportion of the fund’s assets are invested in domestic and common foreign stock. It focuses on purchasing securities issued by prominent firms with market values exceeding $5 billion. The global mutual fund has a three year annualized return of 2.56%.
The fund manager is Fayez Sarofim and he has managed this global mutual fund since 1993.
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/mutualfunds/