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Investors can no longer ignore the attractions of global equity markets and limit themselves to domestic investments. Though U.S equity markets retain their global significance, they no longer command the importance which they did in the past. Research has also shown that a prudent combination of foreign and domestic investments provide better results and aid in reducing risk. With their analytical prowess and expert management global mutual funds provide investors with a unique opportunity to harness the strengths of both local and international financial markets.
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 one year annualized return of -1.3%.
The global mutual fund has a minimum initial investment of $ 3,000 and an expense ratio of 1.29% compared to a category average of 1.42%.
DWS RREEF Global Infrastructure A ( TOLLX - MF report ) focuses on capital growth as well as current income to generate total return. The fund utilizes the majority of its assets to purchase domestic and foreign companies related to the infrastructure sector. The global mutual fund is a non-diversified fund and has a one year annualized return of 20.11%.
As of September 2012, this global mutual fund held 47 issues, with 7.62% of its total assets invested in TransCanada Corp.
Tweedy,Browne Global Value ( TBGVX - MF report ) seeks capital appreciation over the long term. The fund invests heavily in foreign securities that are undervalued and have the potential to grow in the future. It also purchases domestic equity securities when priced attractively. The global mutual fund has a one year annualized return of 19.21%.
The fund manager is William D. Browne and he has managed this global mutual fund since 1993.
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 one year annualized return of -1.45%.
The global mutual fund has an expense ratio of 1.42% compared to a category average of 1.42%.
AllianceBernstein Global Thematic Growth A ( ALTFX - MF report ) seeks capital appreciation over the long term. The fund invests in a wide range of equity securities issued by domestic and foreign companies from various sectors and industries. Generally, it invests in minimum three countries. The global mutual fund has a one year annualized return of 13.01%.
The fund manager is Catherine Wood and she has managed this global mutual fund since 2008.
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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