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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.
DWS RREEF Global Infrastructure A (TOLLX - MF report) seeks total return through capital growth as well as current income. It invests heavily in securities of 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 16.53%.
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%.
Dreyfus Global Equity Income A (DEQAX - MF report) invests a large share of its assets in equity securities. It concentrates on investing in companies from developed capital markets that pay regular dividends. Not more than 30% of its assets are invested in companies from emerging markets. The global mutual fund has a one year annualized return of 12.98%.
As of October 2012, this global mutual fund held 73 issues, with 4.88% of its total assets invested in Reynolds American Inc.
Dodge & Cox Global Stock (DODWX - MF report) seeks income and capital appreciation over the long term. It predominantly invests in a wide range of equity securities. The fund invests in at least minimum three countries. Not less than 40% of its assets are invested in foreign securities. The global mutual fund has a one year annualized return of 12.08%.
The fund is managed by Dodge & Cox’s Global Investment Policy Committee. The seven members of this committee have an average tenure at Dodge & Cox of 21 years.
Mutual Global Discovery A (TEDIX - 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. The global mutual fund has a one year annualized return of 11.81%.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.31% compared to a category average of 1.42%.
Oppenheimer Global A (OPPAX - MF report) seeks capital growth. The fund invests in a wide range of securities worldwide, which may also include companies from emerging markets. The fund focuses on investing in large and mid-cap firms and invests in minimum three countries. The global mutual fund has a one year annualized return of 8.24%.
The fund manager is Rajeev Bhaman and he has managed this global mutual fund since 2004.
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