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Recently released economic data indicates that the major economies throughout the globe are gradually picking pace. Moreover, the recent lift-off by the Fed indicated that the U.S. economy is back on track and is poised to witness stable growth rate in the near future. Also, central banks of major regions including the Eurozone, China and Japan opted for economic stimulus measures such as rate cuts and monetary easing to boost their respective economies.
In this environment, these countries provide lucrative investment propositions. Thus a portfolio having exposure to both domestic and foreign securities will help in reducing risk and enhancing returns. Global mutual funds are excellent options for investors looking to widen exposure across countries. If selected carefully, global mutual funds have the potential to offer secure and attractive investment opportunities.
Oppenheimer Global Opportunities A (OPGIX - Free Report) primarily invests in a wide range of domestic and foreign equity securities. OPGIX focuses on acquiring stocks but may also purchase debt securities. OPGIX may invest a maximum of 25% of its assets in "below-investment-grade" securities or "junk bonds." Moreover, OPGIX may invest in developing or emerging countries and in small- and mid-cap companies. Oppenheimer Global Opportunities A has a three-year annualized return of 8.4%.
Frank V. Jennings has been the portfolio manager of OPGIX since 1995.
T. Rowe Price Global Stock (PRGSX - Free Report) seeks long-term capital appreciation. PRGSX generally invests in both domestic and foreign-established firms. Though PRGSX focuses on acquiring common stocks of companies located in the developed nations, it may also invest in companies based in emerging economies. PRGSX invests a large chunk of its assets in stocks from a minimum of five countries, which may also include the US. PRGSX invests more than 40% of its assets in securities of foreign companies. T. Rowe Price Global Stock has a three-year annualized return of 8.1%.
PRGSX has an expense ratio of 0.89% compared with the category average of 1.26%.
Harding Loevner Global Equity Advisor (HLMGX - Free Report) invests the lion’s share of its assets in securities including common and preferred stocks of companies located in both the U.S. and foreign lands. HLMGX allocates its assets to a minimum of 15 countries, including emerging nations. HLMGX may also invest in Depositary Receipts. Harding Loevner Global Equity Advisor has a three-year annualized return of 5.6%.
As of September 2016, HLMGX held 72 issues, with 3.83% of its assets invested in Alphabet Inc.
Dodge & Cox Global Stock (DODWX - Free Report) seeks principal and income appreciation over the long term. DODWX invests in equities of mid to large cap companies from at least three countries. A minimum of 40% of the assets are invested in foreign securities including those from emerging nations. DODWX invests a large chunk of its assets in common stocks and preferred stocks or other securities related to them. Dodge & Cox Global Stock has a three-year annualized return of 6.7%.
DODWX has an expense ratio of 0.63% compared with the category average of 1.26%.
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4 Strong Buy Global Mutual Funds
Recently released economic data indicates that the major economies throughout the globe are gradually picking pace. Moreover, the recent lift-off by the Fed indicated that the U.S. economy is back on track and is poised to witness stable growth rate in the near future. Also, central banks of major regions including the Eurozone, China and Japan opted for economic stimulus measures such as rate cuts and monetary easing to boost their respective economies.
In this environment, these countries provide lucrative investment propositions. Thus a portfolio having exposure to both domestic and foreign securities will help in reducing risk and enhancing returns. Global mutual funds are excellent options for investors looking to widen exposure across countries. If selected carefully, global mutual funds have the potential to offer secure and attractive investment opportunities.
Below we share with you four top-rated global mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of global funds.
Oppenheimer Global Opportunities A (OPGIX - Free Report) primarily invests in a wide range of domestic and foreign equity securities. OPGIX focuses on acquiring stocks but may also purchase debt securities. OPGIX may invest a maximum of 25% of its assets in "below-investment-grade" securities or "junk bonds." Moreover, OPGIX may invest in developing or emerging countries and in small- and mid-cap companies. Oppenheimer Global Opportunities A has a three-year annualized return of 8.4%.
Frank V. Jennings has been the portfolio manager of OPGIX since 1995.
T. Rowe Price Global Stock (PRGSX - Free Report) seeks long-term capital appreciation. PRGSX generally invests in both domestic and foreign-established firms. Though PRGSX focuses on acquiring common stocks of companies located in the developed nations, it may also invest in companies based in emerging economies. PRGSX invests a large chunk of its assets in stocks from a minimum of five countries, which may also include the US. PRGSX invests more than 40% of its assets in securities of foreign companies. T. Rowe Price Global Stock has a three-year annualized return of 8.1%.
PRGSX has an expense ratio of 0.89% compared with the category average of 1.26%.
Harding Loevner Global Equity Advisor (HLMGX - Free Report) invests the lion’s share of its assets in securities including common and preferred stocks of companies located in both the U.S. and foreign lands. HLMGX allocates its assets to a minimum of 15 countries, including emerging nations. HLMGX may also invest in Depositary Receipts. Harding Loevner Global Equity Advisor has a three-year annualized return of 5.6%.
As of September 2016, HLMGX held 72 issues, with 3.83% of its assets invested in Alphabet Inc.
Dodge & Cox Global Stock (DODWX - Free Report) seeks principal and income appreciation over the long term. DODWX invests in equities of mid to large cap companies from at least three countries. A minimum of 40% of the assets are invested in foreign securities including those from emerging nations. DODWX invests a large chunk of its assets in common stocks and preferred stocks or other securities related to them. Dodge & Cox Global Stock has a three-year annualized return of 6.7%.
DODWX has an expense ratio of 0.63% compared with the category average of 1.26%.
To view the Zacks Rank and past performance of all global mutual funds, investors can click here to see the complete list of global funds.
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