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Best of Funds

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The key benefit that global mutual funds provide is diversification since they invest in overseas markets while also holding domestic equities. Thus, they make good additions to a portfolio weighted in favor of domestic investments. The tepid economic climate in mature markets such as Europe and the US has led global fund managers to look for better opportunities in emerging markets which may also imply dealing with greater volatility  However, it has been observed over the years that a judicious combination of foreign and domestic investments generate better returns at lower levels of 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, investors can click here to see the complete list of funds.

Templeton World A (TEMWX - MF report) seeks capital appreciation over the long term. The fund focuses on investing in equity securities issues by companies across the globe. The fund focuses on investing in common stock and may purchase emerging market securities. The global mutual fund has a ten year annualized return of 5.45%             .

The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.07% compared to a category average of 1.45%.

American Century Global (TWGGX - MF report) invests the majority of its assets in companies from across the globe, including domestic firms.  The fund holds a wide range of securities issued by companies which are continuously growing their earnings and revenues at a rapid pace. The global mutual fund has a ten year annualized return of 6.98% .

Keith Creveling is the fund manager and he has managed this global mutual fund since 2005.

Fidelity Advisor Global Capital Appreciation A (FGEAX - MF report) seeks capital appreciation over the long term. The fund utilizes a large share of its assets to purchaser equity securities, focusing on acquiring common stocks. These securities may be issued by companies across nations and geographic regions. The global mutual fund has a ten year annualized return of 3.03%.

The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.43% compared to a category average of 1.45%.

MFS Global Growth A (MWOFX - MF report) 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 has a ten year annualized return of 6.44%.

As of January 2012, this global mutual fund held 103 issues, with 2.40% of its total assets invested in Oracle Corporation.

Oppenheimer Global Opportunities A (OPGIX) seeks capital growth as well as current income. The fund invests in a wide range of equity securities worldwide. The fund focuses on acquiring stocks, but may also purchase debt securities. The global mutual fund has a ten year annualized return of 10.23%.

Frank V. Jennings is the fund manager and he has managed this global mutual fund since 1995.

To view the Zacks Rank and past performance of all global mutual funds, investors can click here to see the complete list of funds.

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

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