Non-U.S. mutual funds provide excellent choices for those looking to diversify their investments across a wide range of countries, including 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 peers in the future. Investors can click here to see the complete list of funds.
Fidelity Latin America Fund (FLATX - Free Report) aims for long-term capital appreciation. It invests the majority of its assets in securities of Latin American companies. The fund primarily invests in common stocks of companies. Under normal circumstances, the fund invests about 35% of its total assets in any industry that has more than a fifth of its operations in Latin America. FLATX has three-year annualized returns of 10.4%.
William Pruett is the fund manager of FLATX since 2015.
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 three-year annualized returns of 8.8%.
As of October 2019, EGLBX held 56 issues with 4.28% of its assets invested in Nestle SA.
Strategic Advisers Emerging Markets Fund (FSAMX - Free Report) aims for capital growth. The fund invests the lion’s share of its assets in securities of emerging market companies. It considers those countries as emerging markets as defined by the MSCI. The fund primarily invests in common stocks. FSAMX has three-year annualized returns of 6%.
FSAMX has an expense ratio of 0.75% compared with the category average of 1.35%.
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.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>