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Over the years, studies have consistently shown that investing in both domestic equities and foreign stocks reduces portfolio risk while enhancing returns. In addition, the primacy of the US equity markets has greatly diminished with its share of global stock market capitalization declining steadily. This is why investors can no longer limit themselves to domestic investments. By holding widely diversified portfolios selected after careful research, global mutual funds offer a secure an attractive opportunity for investors looking at this category.
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.
Calamos Global Equity A (CAGEX - MF report) seeks capital appreciation over the long term. The fund invests a large share of its assets in equity securities. It also invests in securities which can be converted into equity securities. A minimum of 40% of its assets may be used to purchase foreign securities. The global mutual fund has a three year annualized return of 9.54%.
The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.40% compared to a category average of 1.36%.
Harding Loevner Global Equity Advisor (HLMGX - MF report) invests the majority of its assets in domestic companies as well as those located in foreign countries. The fund primarily invests in common stock, convertible securities, rights and warrants. The fund has a three year annualized return of 7.13%.
As of March 2013, this global mutual fund held 65 issues, with 3.71% of its total assets invested in eBay Inc.
Artio Select Opportunities A (BJGQX - MF report) seeks high total return. The fund invests a large share 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 1.48%.
The fund manager is Keith Walter and he has managed this global mutual fund since 2012.
Nuveen Tradewinds Global All-Cap A (NWGAX - MF report) invests 40% to 75% of its assets in foreign equity securities. Not more than 35% of its assets are invested in a single foreign nation. A maximum of 25% of its assets are invested in emerging economies. The global mutual fund has a three year annualized return of 1.84%.
The global mutual fund has an expense ratio of 1.29% compared to a category average of 1.36%.
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 4.70%.
The fund manager is Frank V. Jennings and he has managed this global mutual fund since 1995.
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.