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.
Oppenheimer Global Opportunities A (OPGIX - MF report) seeks capital growth as well as current income. The fund invests in a wide range of equity securities worldwide. The fund focuses on acquiring stocks, but may also purchase debt securities. The global mutual fund has a three year annualized return of 8.68%.
The fund manager is Frank V. Jennings and he has managed this global mutual fund since 1995.
Artisan Global Value Investor (ARTGX - MF report) invests a large share of its assets in domestic and foreign equity securities. The fund seeks to acquire securities which are attractively priced compared to their underlying value, focusing on common stocks. The global mutual fund has a three year annualized return of 12.56%.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.50% compared to a category average of 1.42%.
Marsico Global Fund (MGLBX - MF report) seeks capital growth. The fund invests in common stock of domestic as well foreign companies with a focus on companies having their principal business outside the U.S. The stocks are selected on their growth potential. The global mutual fund has a three year annualized return of 11.08%.
As of September 2012, this global mutual fund held 41 issues, with 8.04% of its total assets invested in Apple, Inc.
Artio Select Opportunities A (BJGQX - MF report) invests the majority of its assets in equity securities of both domestic and foreign companies. The fund has no restrictions on the amount it can invest in emerging market securities. It may also invest in futures, options and swaps. The global mutual fund has a three year annualized return of 3.43%.
The fund manager is Keith Walter and he has managed this global mutual fund since 2012.
Henderson Global Equity Income A (HFQAX - MF report) seeks to generate high current income. The fund’s portfolio primarily consists of income generating equity securities. A maximum of 15% of its net assets may be invested in illiquid securities. The global mutual fund has a three year annualized return of 8.27%.
The global mutual fund has a minimum initial investment of $500 and an expense ratio of 1.29% compared to a category average of 1.42%.
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://zacks.com/funds/mutual-funds.php.