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 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, investors can click here to see the complete list of funds.
GMO Emerging Country Debt IV (GMDFX - MF report) seeks total return higher than its benchmark, the J.P. Morgan Emerging Markets Bond Index Global. The fund focuses on investing in sovereign debt of developing markets but it can also invest in entities related or not related to the emerging countries. The international bond mutual fund returned 11.3% in the last one year period.
The international bond mutual fund has an expense ratio of 0.59% compared to a category average of 1.27%.
JPMorgan Emerging Markets Debt (JEMDX - MF report) 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 returned 9.24% in the last one year period.
As of June 2012, this international bond mutual fund held 178 issues, with 6.26% of its total assets invested in Russian Federation 7.5%
Goldman Sachs Emerging Market Debt A (GSDAX - MF report) seeks both capital growth and income. The fund invests a large share 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 returned 10.26% in the last one year period.
The Fund Manager is Samuel Finkelstein and he has managed this international bond mutual fund since 2003.
Fidelity New Markets Income (FNMIX - MF report) seeks high current income. The fund invests the majority of its assets in emerging market securities and other instruments related to such markets. The fund may also invest in other instruments and is non-diversified. The international bond mutual fund returned 11.59% in the last one year period.
The international bond mutual fund has an expense ratio of 0.86% compared to a category average of 1.27%.
Federated Emerging Market Debt A (IHIAX - MF report) invests a large proportion of its assets in debt securities issued from emerging markets. These securities may be dollar-denominated or may be issued in foreign currencies. The international bond mutual fund returned 8.89% in the last one year period.
The Fund Manager is Roberto Sanchez-Dahl and he has managed this international bond mutual fund since 2000.
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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