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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.

Manning & Napier World Opportunities A (EXWAX - MF report) invests in companies worldwide, including companies from the U.S. It primarily purchases common stocks but may also invest in ADRs and dollar-denominated foreign securities. The global mutual fund has a three year annualized return of 3.33%.

The global mutual fund has a minimum initial investment of $2,000 and an expense ratio of 1.09% compared to a category average of 1.29%.

Russell Global Equity A (RGEAX - MF report) seeks capital appreciation over the long term. The fund focuses on investing in companies with economic linkages to a number of countries worldwide, as well as in the U.S. It focuses on investing in large and mid-cap companies. The global mutual fund has a three year annualized return of 7.06%.

Matthew Beardsley is the fund manager and he has managed this global mutual fund since 2009.

T. Rowe Price Global Stock (PRGSX - MF report) focuses on investing in common stock of prominent companies worldwide. The fund invests across sectors, concentrating on firms from mature markets. Between 30-40% of its assets are invested in foreign companies. The global mutual fund has a three year annualized return of 6.03%.

As of June 2012, this global mutual fund held 80 issues, with 5.68% of its total assets invested in Apple, Inc.

Artio Global Equity A (BJGQX - MF report) seeks a high level of total return. The fund invests the majority of its assets in companies worldwide. Under normal circumstances, not less than 40% of its assets are invested in at least three foreign countries. The global mutual fund has a three year annualized return of 3.11%.

The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.40% compared to a category average of 1.41%.

ING Global Value Choice A (NAWGX - MF report) invests at least 65% of its assets in different countries, including the U.S. A large share of its assets is invested in stocks, depository receipts, derivatives and convertible securities. Not more than 25% of its assets are invested in companies from emerging markets. The global mutual fund has a three year annualized return of 5.11%.

Andrew J Thelen is the fund manager and he has managed this global mutual fund since 2012.

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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