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Top 5 International Bond Mutual Funds
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ShareThe international bond market has come to represent a particularly lucrative opportunity for investors. Though the U.S. bond market continues to attract investors, it has featured infrequently among the best performing international markets. Today international markets represent more than half of the world’s fixed income investment opportunities. Further, the presence of foreign fixed income securities in a portfolio helps protect capital invested against currency fluctuations. With their widely diversified holdings, mutual funds offer a secure route to investing in the international bond market.
Below we will share with you 5 top rated international bond mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all international bond funds, then click here.
GMO International Bond III (GMIBX) seeks to outperform its benchmark, the J.P. Morgan Non-U.S. Government Bond index. A large share of the fund’s assets is utilized to invest in bonds, either directly or through other GMO funds or derivatives. The international bond mutual fund returned 8.95% in the last one year period.
The international bond mutual fund has an expense ratio of 0.39% compared to a category average of 1.08%.
JPMorgan Emerging Markets Debt (JEMDX) invests the majority of its assets in debt securities issued in emerging markets. These securities may be dollar-denominated or may be issued in foreign currencies. The fund is non-diversified and may also purchase securities rated below investment grade. The international bond mutual fund has a ten year annualized return of 10.59%.
Pierre-Yves Bareau is the fund manager and he has managed this international bond mutual fund since 2009.
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 23.7%.
As of September 2011, this international bond mutual fund held 82 issues, with 4.57% of its total assets invested in Republic of Turkey 6.875%.
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 6.66% 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 1.25%.
Goldman Sachs Emerging Market Debt A (GSDAX) seeks both capital growth and income. The fund invests the majority of its assets in fixed income securities issued from emerging markets. It purchases 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 8.3%.
Samuel Finkelstein is the fund manager and he has managed this international bond mutual fund since 2003.
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 GMIBX
Read the full analyst report on JEMDX
Read the full analyst report on IHIAX
Read the full analyst report on FNMIX
Read the full analyst report on GSDAX
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| Market Summary | May 26, 2012 16:54 pm ET |
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