Sponsored Links 
Top 5 Highest Yielding International Bond Mutual Funds
Print
ShareInternational bonds represent a majority of the fixed-income investment opportunities available across the globe. Bonds issued from emerging economies and non-government entities are also part of this category. International bonds help to mitigate losses in the U.S. markets because interest rate fluctuations vary from country to country. This is because they show little correlation with domestic equities and only moderate correlation with investment grade domestic debt. Additionally, they help to diversifying currency exposure and protect assets against a long-term secular decline in the U.S. dollar
Below we will share with you the 5 highest yielding Zacks #1 ranked international bond 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 international bond funds, then click here.
Fidelity New Markets Income (FNMIX) invests a large proportion of its assets in emerging market securities and other instruments with economic linkages to such markets. The fund focuses on acquiring debt securities and is non diversified. The international bond mutual fund returned 3.72% in the last one year period.
The international bond mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.88% compared to a category average of 1.30%.
Federated Emerging Market Debt A (IHIAX) seeks current income with a secondary objective of capital growth. The fund invests the majority of its assets in debt securities issued from emerging markets. It is non-diversified and may purchase shares of exchange traded funds and invest in derivative contracts. The international bond mutual fund has a three year annualized return of 25.63%.
Roberto Sanchez-Dahl the fund manager and has managed this international bond mutual fund since 2001
Goldman Sachs Emerging Market Debt A (GSDAX) invests heavily in fixed income securities issued from emerging markets. The fund invests in both government and corporate debt securities and acquires securities regardless of their credit rating. The international bond mutual fund has a five year annualized return of 8.72%.
As of September 2011, this international bond mutual fund held 234 issues, with 5.46% of its total assets invested in Russian Federation 7.5%.
GMO Currency Hedged International Bond III (GMHBX) seeks total return higher than its benchmark, the J.P. Morgan Non-U.S. government Bond Index (Hedged) (ex-Japan). The fund invests a large share of its assets in bonds and is non-diversified. The international bond mutual fund has a ten year annualized return of 4.39%.
The international bond mutual fund has an expense ratio of 0.39% compared to a category average of 1.12%.
Consulting Group International Fixed Income (TIFUX) invests the majority of its assets in non-dollar denominated fixed-income securities. The fund focuses on acquiring securities rated investment grade. Not more than 10% of its assets may be utilized to purchase high yield securities. A maximum of 15% of its assets may be invested in merging market securities. The international bond mutual fund returned 1.4% in the last one year period.
Mohamed A. El-Erian the fund manager and has managed this international bond mutual fund since 2009.
To view the Zacks Rank and past performance of all international bond 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 FNMIX
Read the full analyst report on IHIAX
Read the full analyst report on GSDAX
Read the full analyst report on GMHBX
Read the full analyst report on TIFUX
Loading Stories...
|
||||||||||||||
More Zacks Resources
More Zacks Links
| Market Summary | May 26, 2012 18:08 pm ET |
-74.92