Non-U.S. mutual funds provide excellent choices for those looking to diversify their investment across a wide range of foreign countries, including both emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove profitable and investors may find non-U.S. mutual funds more attractive than those with significant domestic exposure.
Below we share with you four top-ranked non-U.S. mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of Non-US Mutual Funds.
Fidelity Europe (FIEUX - Free Report) seeks appreciation of capital in the long run. It invests primarily in common stocks of different European companies. Fidelity Europe has three-year annualized returns of 7.9%.
FIEUX has an expense ratio of 0.96% compared with the category average of 1.39%.
Fidelity Japan Smaller Companies (FJSCX - Free Report) seeks capital growth for the long run. It invests mainly in those small-cap companies that are economically based in Japan. These small-cap companies have market cap similar to those included on the JASDAQ Index or the Russell/Nomura Mid-Small Cap Index. The fund may also invest in large-cap companies. FJSCX has three-year annualized returns of 17%.
David Jenkins has been the find manager of FJSCX since 2014.
Vanguard International Growth Investor (VWIGX - Free Report) invests predominantly in stocks of companies located outside the United States. These companies are expected to diversify assets in countries across developed and emerging markets. Vanguard International Growth Investor has three-year annualized returns of 14.3%.
As of December 2017, VWIGX held 130 issues with 5.24% of its assets invested in Tencent Holdings Ltd.
To view the Zacks Rank and past performance of all Non-US mutual funds, investors can click here to see the complete list of Non-US funds.
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