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Top 5 Global Mutual Funds
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ShareThe fortunes of U.S. equity markets continue to be a key determinant of the health of the global economy. However, their dominance has receded significantly over the years and a world of exciting opportunities has emerged in global markets. Moreover, research has shown that a portfolio with a combination of domestic and foreign securities produces greater returns over the long term. Global funds allow investors to hold an optimum combination of international and domestic investments without incurring the costs of holding such securities individually.
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.
First Investors Global A (FIISX) seeks capital appreciation over the long term. The fund purchases a wide range of common stocks issued by companies from across the world. It focuses on investing in a large and midcap firms. The global mutual fund returned 30.74% in the last one year period.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.72% compared to a category average of 1.46%.
Artio Global Equity A (BJGQX) invests the majority of its assets in companies worldwide. Under normal circumstances, not less than 40% of its assets are invested in at least three foreign countries. A maximum of 35% of its assets may be utilized to purchase emerging market securities. The global mutual fund has a five year annualized return of 2.92%.
Rudolph-Riad Younes is the fund manager and he has managed this global mutual fund since 2004.
Ivy Cundill Global Value A (ICDAX) seeks capital growth. The fund purchases domestic and foreign equity securities, including those issued from emerging markets. Not more than 20% of its assets are invested in debt securities issued by companies which have filed for bankruptcy or are likely to do so shortly. The global mutual fund returned 21.85% over the last one year period.
As of March 2011, this global mutual fund held 29 issues, with 20.17% of its total assets invested in Currency Contract USD.
Templeton Growth A (TEPLX) invests in companies worldwide, including in those from emerging markets. The fund focuses on acquiring common stocks and may invest relatively more of its assets in a small number of countries. The global mutual fund has a ten year annualized return of 4.98%.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.10% compared to a category average of 1.46%.
Putnam Global Equity A (PEQUX) seeks capital appreciation. The fund invests a large share of its assets in equity securities of companies across the world. The fund focuses on acquiring common stocks of large and mid-cap companies. The global mutual fund returned 38.5% over the last one year period.
Shigeki Makino is the fund manager and he has managed this global mutual fund since 2002.
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 FIISX
Read the full analyst report on BJGOX
Read the full analyst report on ICDAX
Read the full analyst report on TEPLX
Read the full analyst report on PEQUX
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| Market Summary | May 26, 2012 13:50 pm ET |
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