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.
Hartford Global Growth A invests in domestic as well as 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 focuses on acquiring value stocks. The global mutual fund has returned 30.32% over the last one year period.
Matthew D. Hudson is the fund manager and has managed the fund since 2007.
Marsico Global (MGLBX - Free Report) 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 whose primary operations are outside the U.S. The global mutual fund returned 35.81% over the last one year period.
The global mutual fund has a minimum initial investment of $2,500 and has expense ratio of 1.60% compared to a category average of 1.35%.
Liberty Street Horizon A (LSHAX - Free Report) seeks long-term capital growth. It invests in domestic as well as foreign securities. It invests in companies of all sizes and may also invest in companies that have weak financial positions. The non-diversified global mutual fund returned 32.77% over the last one year period.
As of October 2013, this global mutual fund held 82 issues, with 10.05% of its total assets invested in Howard Hughes Corp.
MFS Equity Opportunities A (SRFAX - Free Report) seeks capital growth. A lion’s share of the fund’s assets is invested in companies with higher than average earnings growth potential, i.e., growth companies. It may also invest in stocks which are priced below their underlying value or both value and growth companies. The global mutual fund has returned 34.18% over the last one year period.
Matthew W. Krummell is the fund manager and has managed the fund since February 2010.
Oppenheimer Global Opportunities A (OPGIX - Free 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 returned 38.24% over the last one year period.
The global mutual fund has a minimum initial expense of $1,000 and has an expense ratio of 1.21% compared to a category average of 1.35%.
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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