This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
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The 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, investors can click here to see the complete list of funds.
Invesco Global Core Equity A (AWSAX - MF report) 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 three year annualized return of 3.01 %.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.26% compared to a category average of 1.43%.
Virtus Global Infrastructure A (PGUAX - MF report) seeks current income and capital growth. The fund invests a major portion of its assets in equity securities of infrastructure companies. Investments are spread over three countries, one of which is the US. The global mutual fund has a three year annualized return of 13%.
As of May 2012, this global mutual fund held 53 issues, with 7.73% of its total assets invested in Enbridge, Inc.
Tweedy, Browne Worldwide High Dividend Yield Value (TBHDX - MF report) invests the majority of its assets in domestic and foreign equity securities which provide appreciably high dividends. A minimum of 40%of the fund’s assets are utilized to acquire foreign securities. The global mutual fund has a three year annualized return of 10.11%.
Robert Q. Wyckoff, Jr. is the fund manager and he has managed this global mutual fund since 2007.
Templeton Global Opportunities A (TEGOX - MF report) seeks capital appreciation. At least 65% of the fund’s assets are invested in equity securities of companies worldwide. A maximum of 40% of the fund’s assets may be utilized to purchase emerging market securities. It may invest in companies of all sizes. The global mutual fund has a three year annualized return of 3.66%.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.33% compared to a category average of 1.43%.
Wells Fargo Advantage Intrinsic World Equity A (EWEAX - MF report) invests the majority of its assets in not less than three countries at the same time, including the U.S. The fund invests a maximum of 25% of its assets in a single country. The global mutual fund has a three year annualized return of 12.3%.
Jean-Baptiste Nadal is the fund manager and he has managed this global mutual fund since 2011.
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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