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3 Oppenheimer Mutual Funds Worth Betting On

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OppenheimerFunds is a subsidiary of MassMutual, which is one of the leading asset managers with more than $600 billion assets under management along with its affiliates. OppenheimerFunds was founded in 1959 and has over 2,000 employees and 170 investment professionals serving clients, including financial advisors, individual investors and institutional investors, across 77 countries. It has $261 billion worth of assets (as of Jan 31, 2018) under management invested in 76 mutual funds across a wide range of categories including equity, fixed income, alternative and multi asset funds.

Below we share with you three top-ranked Oppenheimer mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Oppenheimer funds.

Oppenheimer Global Opportunities Y (OGIYX - Free Report) primarily invests in a wide range of domestic and foreign equity securities. OGIYX focuses on acquiring stocks but may also purchase debt securities. The fund may invest around one-fourth of its assets in securities that are rated lower than investment-grade or "junk bonds." Moreover, OGIYX may invest in developing or emerging countries. It may invest in small and mid-cap companies. Oppenheimer Global Opportunities Y has three-year annualized returns of 26.5%.

OGIYX has an expense ratio of 0.91% compared with the category average of 1.42%.

Oppenheimer International Bond Y (OIBYX - Free Report) seeks a high level of returns. The fund invests a bulk of its assets in debt securities issued by companies that are based in developed and emerging markets. OIBYX may invest in more than three countries, excluding the United States. Oppenheimer International Bond Y has returned 4.4% over the last three years.

As of March 2018, OIBYX held 672 issues, with 2.58% of its assets invested in United Kingdom of Great Britain and Northern Ireland 2.75% SNR PIDI BDS 07/.

Oppenheimer Developing Markets Y (ODVYX - Free Report) seeks growth of capital. ODVYX invests primarily in common stocks of companies based in developing and emerging markets. It may invest in more than three developing countries. Oppenheimer Developing Markets Y has three-year annualized returns of 7.2%.

Justin Leverenz is the fund manager of ODVYX since 2007.

To view the Zacks Rank and past performance of all Oppenheimer Mutual Funds, investors can click here to see the complete list of funds.

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