Non-U.S. mutual funds provide excellent choices for those looking to diversify their investments across a wide range of foreign countries, including both emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove more profitable than those with significant domestic exposure.
Below we share with you three top-ranked non-U.S. 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 funds.
Franklin International Growth Fund Class A (FNGAX - Free Report) seeks capital appreciation over a long period. The fund mostly invests in equity securities of medium- and large-capitalization companies located outside United States. The fund may invest in developing or emerging market countries as well. FNGAX may invest a minority of its assets in emerging market countries. The fund has returned 19.8% on a year-to-date basis.
Donald G. Huber is one of the fund managers of FNGAX since 2014.
Dodge & Cox International Stock Fund (DODFX - Free Report) aims for long-term growth of capital and income. The fund invests the majority of its assets in equity securities of companies located outside the United States. The fund mostly focuses on medium- and large-capitalization companies. DODFX has returned 11% on a year-to-date basis.
DODFX has an expense ratio of 0.63% compared with the category average of 1.14%.
Elfun International Equity Fund (EGLBX - Free Report) aims for long-term growth of capital and future income. The fund invests the majority of its assets in equity securities of companies located in developed and emerging market countries. EGLBX has returned 19.1% on a year-to-date basis.
As of September 2019, EGLBX held 59 issues with 4.47% of its assets invested in Nestle SA.
To view the Zacks Rank and past performance of all Non-US mutual funds, investors can click here to see the complete list of funds.
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