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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.
GAMCO Global Growth AAA ( GICPX - MF report ) seeks capital growth. The fund invests a minimum of 65% of its assets in the securities of companies that are undervalued and have the potential to grow. It invests in a minimum of three countries at any given point. Not less than 40% of its assets are invested in foreign securities. The global mutual fund has a one year annualized return of 18.81%.
The global mutual fund has an expense ratio of 1.84% compared to a category average of 1.37%.
USAA World Growth ( USAWX - MF report ) invests predominantly in domestic and foreign equity securities. It may invest in securities from emerging markets and also in firms irrespective of their sizes. It concentrates on acquiring securities of large-cap companies. The global mutual fund has a one year annualized return of 18.29%.
As of August 2012, this global mutual fund held 98 issues, with 3.11% of its total assets invested in Nestle SA
Hartford Global Growth A ( HALAX - MF report ) seeks capital appreciation. The fund invests a minimum of 65% of its assets in securities of both domestic and foreign companies. It has no restrictions on the amount to be invested in any single country. It may also invest in emerging market securities. The global mutual fund has a one year annualized return of 17.24%.
The fund manager is Matthew A. Hudson and he has managed this global mutual fund since 2007.
Wells Fargo Advantage Global Opportunities A ( EKGAX - MF report ) invests a large share of its assets in equity securities of small and medium-sized companies. These firms must have market capitalizations within the range of the S&P Global MidSmall Cap Index. Generally, it invests in a minimum of three countries. The global mutual fund has a one year annualized return of 15.90%.
The global mutual fund has an expense ratio of 1.54% compared to a category average of 1.37%.
DWS RREEF Global Infrastructure A ( TOLLX - MF report ) seeks total return. It invests the majority of its assets in securities of both 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 15.81%.
The fund manager is Manoj H. Patel and he has managed this global mutual fund since 2011.
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
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