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Mutual Fund Commentary

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.

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 various entities irrespective of their sizesThe global mutual fund has a one year annualized return of 23.36%.

The global mutual fund has a minimum initial investment of $3,000 and an expense ratio of 1.30% compared to a category average of 1.37%.

Hartford Global Growth A seeks capital appreciation. The fund invests a minimum of 65% of its assets in securities of both domestic and foreign growth-oriented companies. It has no restrictions on the amount to be invested in any single country. It may invest in emerging market securities. The global mutual fund has a one year annualized return of 22.90%.

As of December 2012, this global mutual fund held 146 issues, with 2.37% of its total assets invested in Google, Inc. Class A.

Templeton Global Opportunities A (TEGOX - MF report) invests a minimum of 65% of its assets in securities of both domestic and foreign companies. The fund invests in at least minimum three countries. It may invest a maximum of 40% of its assets in emerging market securities. The global mutual fund has a one year annualized return of 22.27%.

The fund manager is Guang A. Yang and he has managed this global mutual fund since 2000.

Wells Fargo Advantage Global Opportunities A (EKGAX - MF report) seeks capital growth over the long term. It invests heavily 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. The global mutual fund has a one year annualized return of 22.11%.

The global mutual fund has a minimum initial investment of $ 1,000 and an expense ratio of 1.54% compared to a category average of 1.37%.

Dodge & Cox Global Stock (DODWX - MF report) invests in a wide range of equity securities. The fund invests in at least three countries at a given point of time. Not less than 40% of its assets are invested in foreign securities. The global mutual fund has a one year annualized return of 21.03%.

The fund manager is Roger G. Kuo and he has managed this global mutual fund since 2010.

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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