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Top 5 Global Mutual Funds
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ShareInvestors can no longer ignore the attractions of global equity markets and limit themselves to domestic investments. Though U.S equity markets retain their global significance, they no longer command the importance which they did in the past. Research has also shown that a prudent combination of foreign and domestic investments provide better results and aid in reducing risk. With the advantage of professional management, global mutual funds provide investors with a unique opportunity to harness the strengths of both local and international financial markets.
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.
Invesco Global Core Equity A (AWSAX) invests the majority of its assets in domestic and foreign equity securities. The fund focuses on investing in companies that are undervalued relative to their potential or current earnings or the market value of their assets. The global mutual fund has a ten year annualized return of 5.07%.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.78% compared to a category average of 1.46%.
Marsico Global (MGLBX) seeks capital appreciation by investing in domestic and foreign companies which have the potential for long term growth. At least 40% 0f its assets are invested in securities of foreign companies. The global mutual fund has a three year annualized return of 12.12%.
As of September 2011, this global mutual fund held 45 issues, with 6.42% of its total assets invested in Industria de Diseño Textil,S.A."inditex".
MFS Global Growth A (MWOFX) invests in both domestic and foreign securities, as well as emerging market securities. The fund may invest a substantial part of its assets in a relatively small number of countries. The global mutual fund returned 2.73% in the last one year period.
The fund manager is David A. Antonelli and he has managed this global mutual fund since 2010.
Hartford Global Growth A (HALAX) seeks long-term capital growth. At least 65% of the fund’s assets are used to purchase common stocks of growth companies worldwide. Up to 25% of its assets may be invested in companies whose primary business operations are conducted in emerging markets. The global mutual fund has a ten year annualized return of 2.71%.
The global mutual fund has a minimum initial investment of $2,000 and an expense ratio of 1.48% compared to a category average of 1.46%.
Ivy Cundill Global Value A (ICDAX) purchases both 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 has a three year annualized return of 8.15%.
The fund manager is James Thompson and he has managed this global mutual fund since 2009.
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 AWSAX
Read the full analyst report on MGLBX
Read the full analyst report on MWOFX
Read the full analyst report on HALAX
Read the full analyst report on ICDAX
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| Market Summary | May 26, 2012 18:00 pm ET |
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