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The international bond market has come to represent a particularly lucrative opportunity for investors. Though the U.S. bond market continues to attract investors, it has featured infrequently among the best performing international markets. Today international markets represent more than half of the world’s fixed income investment opportunities. Further, the presence of foreign fixed income securities in a portfolio helps protect capital invested against currency fluctuations. With their widely diversified holdings, mutual funds offer a secure route to investing in the international bond market.
Below we will share with you 5 top rated international bond mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all international bond funds, investors can click here to see the complete list of funds.
GMO Currency Hedged International Bond III (GMHBX - MF report) seeks total return higher than its benchmark, the J.P. Morgan Non-U.S. government Bond Index (Hedged) (ex-Japan). It invests significantly higher proportion of its assets in countries which make up a large share of its benchmark. The international bond mutual fund returned 11.98% in the last one year period.
The Fund Manager is Thomas F. Cooper and he has managed this international bond mutual fund since 1994.
JohnHancock2 Emerging Markets Debt A (JMKAX - MF report) invests a large proportion of its assets in fixed income debt securities, including those issued from emerging markets. The fund utilizes unique research methods to identify countries, industrial sectors and instruments for investment purposes. The international bond mutual fund returned 11.74% in the last one year period.
The international bond mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.35% compared to a category average of 1.26%.
Columbia Emerging Markets Bond A seeks high total return. The fund invests heavily in emerging markets fixed income instruments. Not more than 25% of its total assets can be allocated to securities issued by any single foreign government. The international bond mutual fund has returned 11.88% in the last one year period.
As of February 2013, this international bond mutual fund held 186 issues, with 3.08% of its total assets invested in Bolivarian Republic Venezuela 9%.
MainStay Global High Income A (MGHAX - MF report) invests in securities of issuers located in at least three foreign nations. It predominantly invests in securities rated below investment grade in order to generate high income levels. The international bond mutual fund has returned 12.24% in the last one year period.
The international bond mutual fund has a minimum initial investment of $25,000 and an expense ratio of 1.17% compared to a category average of 1.26%.
Franklin Templeton Emerging Market Debt Opportunities (FEMDX - MF report) seeks high total return by investing in emerging markets debt instruments. It predominantly focuses on non-investment grade debt securities. The international bond mutual fund is non-diversified and has returned 13.08% in the last one year period.
The Fund Manager is William Ledward and he has managed this international bond mutual fund since 2006.
To view the Zacks Rank and past performance of all international bond 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.