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.
Evermore Global Value A (EVGBX - Free Report) invests in both domestic and foreign companies. A minimum of 40% of assets are invested in securities of foreign companies which may be located in both mature and developing markets. The fund focusses on acquiring value stocks. It may also invest in companies undergoing mergers as well as those which are distressed. The global mutual fund returned 32.93% over the last one year period.
The fund manager is David E. Marcus and he has managed this global mutual fund since 2009.
Templeton Global Balanced A1 (TINCX - Free Report) seeks both capital growth and income. The fund invests in a large number of equity and debt securities from across the globe. A minimum of 25% of its assets are invested in fixed income senior securities. A minimum of 40% of its assets must be invested in foreign countries. The global mutual fund returned 18.21% over the last one year period.
The global mutual fund has an expense ratio of 1.20% compared to a category average of 1.18%.
Virtus Global Opportunities A (NWWOX - Free Report) invests in equity and related securities issued from across the world. This includes domestic securities as well as those issued from developing economies. The companies selected must have proven performance records over a significant time period. The global mutual fund returned 12.66% over the last one year period.
As of June 2013, this global mutual fund held 51 issues, with 5.72% of its total assets invested in British American Tobacco PLC.
Manning & Napier World Opportunities A seeks capital appreciation over the long term. The fund invests in common stocks of companies located across the globe. It focusses on investing in foreign companies from both mature and developing markets. The global mutual fund returned 21.81% over the last one year period.
The fund manager is Christian A. Andreach and has managed this global mutual fund since 2002.
Marsico Global (MGLBX) invests in common stocks issued by both domestic and foreign companies with good long term prospects. The fund invests a minimum of 40% of its assets in foreign companies or those which primarily operate outside the U.S. The global mutual fund returned 31.04% over the last one year period.
The global mutual fund has an expense ratio of 1.60% compared to a category average of 1.34%.
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.