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 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.
Nuveen Tradewinds Global All-Cap A (NWGAX - MF report) seeks capital appreciation. The fund invests 40% to 75% of its assets in foreign equity securities. Not more than 35% of its assets are invested in a single foreign nation. The global mutual fund has a three year annualized return of 7.03%.
Andrew J Thelen is the fund manager and he has managed this global mutual fund since 2012.
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 12.37%.
As of May 2012, this global mutual fund held 53 issues, with 7.73% of its total assets invested in Enbridge, Inc.
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 5.88%.
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 1.42%.
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 14.38%.
Jean-Baptiste Nadal is the fund manager and he has managed this global mutual fund since 2011.
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 14.51%.
The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.34% compared to a category average of 1.42%.
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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