Today we are featuring top-performing “Global" equity mutual funds, which help investors diversify by investing in both U.S. and foreign equity securities.
5 Excellent Global Choices
ING Global Value Choice A (NAWGX - MF report) seeks maximum capital growth. It was incepted in April 1993 At least 65% of the assets of this global fund are invested in a minimum of three different countries, one of which could be the United States. It invests at least 80% of its assets in common and preferred equities, convertible securities, derivatives and depository receipts. The fund may invest in companies located in or with operations in emerging securities markets, when they present attractive investment opportunities.
The global fund has an expense ratio of 1.50% which matches the category average. As of October 2009 it has a portfolio turnover of 73% compared to a category average of 91%. The fund’s top holdings include ING Institutional Prime Money Market I, Barrick Gold Corporation and Newmont Mining Corporation. For the year ended October 31, 2009, the fund outperformed the Morgan Stanley Capital International (MSCI) All Country World Index.
David B. Iben has been lead manager of the fund since April 2006. Before his current assignment, Iben was managing director at NWQ Investment Management Company, LLC.
Templeton Global Smaller Companies A (TEMGX - MF report) seeks long-term capital appreciation. It was incepted in June 1981.
This global fund invests a large portion of its net assets in the smaller companies located anywhere in the world, including emerging markets. It also invests in issuers located in at least three different countries, including the U.S.
The global fund has an expense ratio of 1.49% against a category average of 1.50%. As of August 2009, it has a portfolio turnover of 31% against a category average of 91%. The fund’s top holdings include Tempur-Pedic International, Inc, Pacific Brands Ltd and Dah Sing Financial Holdings Ltd. For the year ended August 31, 2009 the fund outperformed its benchmark, the MSCI World Index.
Bradley Radin has been lead manager of this global fund since September 2007. Radin is a Chartered Financial Analyst and has been with the Templeton organization since 1995.
Oppenheimer Global Opportunities A (OPGIX - MF report) seeks capital appreciation while also looking to provide a steady income flow. It was incepted in October 1990.
Equity and debt securities of U.S. and foreign companies constitute the majority of the fund’s investments. It concentrates on purchasing stocks, but this could change in favour of debt securities depending on the opportunities available for growth and income. The global fund invests in developed and emerging markets, but focuses on developed markets, such as the U.S., Canada, and Western Europe. It looks to invests in at least four countries including the United States.
The global fund has an expense ratio of 1.18% against a category average of 1.50%. As of September 2009, it has a portfolio turnover of 99% against a category average of 91%. The fund’s top holdings include Advanced Micro Devices, Nektar Therapeutics Inc and Oppenheimer Institutional Money Market E. For the year ended September 30, 2009 the fund outperformed its benchmark, the MSCI World Index.
Frank V. Jennings has been lead manager of the fund since October 1995. Before his current assignment Jennings was managing director of global equities for Mitchell Hutchins Asset Management.
T. Rowe Price Global Stock (PRGSX - MF report) seeks long-term growth of capital through investments in prominent companies worldwide, including the U.S. It was incepted in December 1995.
The global fund purchases securities of companies with various market capitalizations, but concentrates on large and medium-sized firms. It invests across sectors in both developed and emerging markets. The global fund normally invests in at least five countries, including the U.S.
The global fund has an expense ratio of 0.87% against a category average of 1.50%. As of October 2009, it has a portfolio turnover of 90% compared to a category average of 91%. The fund’s top holdings include America Movil S.A.B. de C.V. ADR L, T. Rowe Price Reserve and J.P. Morgan Chase & Co. For the 6-month and 1-year periods ended October 31, 2009 the fund outperformed the MSCI World Index and the Lipper Global Large-Cap Growth Funds Average Index.
Robert N. Gensler has been lead manager of the fund since April 2005. Gensler has been with T. Rowe Price since 1993 and is a vice-president with the firm.
Allianz NFJ International Value A (AFJAX - MF report) seeks long-term growth of capital and income. It was incepted in May 2005.
At least 65% of this global fund’s assets are invested in equity securities of non-U.S. companies with market capitalizations greater than $1 billion. It heavily invests in securities with the potential for income generation. It may invest up to 50% of assets in emerging market securities. It focuses on ADRs when looking for investments outside the U.S.
The global fund has an expense ratio of 1.35% against a category average of 1.38 %. It has an annual portfolio turnover of 59% against a category average of 52%. The fund’s top holdings include Basic Sanitation Company of the State of Sao Paulo ADR, Pearson Plc ADR and Delhaize Group ADR. As of June 2009, it had outperformed the MSCI Index and the Lipper international Multi cap value fund average indexes for the 5-year period but had recorded lower returns for the 1-year period.
Ben J. Fischer has been lead manager of the fund since January 2003. Fischer is a Chartered Financial Analyst and is a founding partner and managing director of NFJ.
Discover many more global funds by taking a look at the entire list of Zacks ranked Global Equity Funds.
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