Top 5 Zacks #1 Ranked Global Mutual Funds - Best of Funds
22 March 2013 - 4:43AM
Zacks
The key benefit that global mutual funds provide is
diversification since they invest in overseas markets while also
holding domestic equities. Thus, they make good additions to a
portfolio weighted in favor of domestic investments. The tepid
economic climate in mature markets such as Europe and the US has
led global fund managers to look for better opportunities in
emerging markets which may also imply dealing with greater
volatility However, it has been observed over the years that a
judicious combination of foreign and domestic investments generate
better returns at lower levels of risk.
Below we will share with you 5 top rated global mutual funds.
Each has earned a Zacks #1 Rank (Strong Buy) as we expect these
mutual funds to outperform their peers in the future. To view the
Zacks Rank and past performance of all global funds, investors can
click here to see the complete list of funds.
USAA World Growth (USAWX) seeks capital growth. The fund
invests predominantly in domestic and foreign equity securities. It
may invest in securities from emerging markets and also in various
entities irrespective of their sizes. The global mutual fund has a
one year annualized return of 23.53%.
The fund manager is David R. Mannheim and he has managed this
global mutual fund since 2002.
Oppenheimer Global A (OPPAX) invests in a wide range of
securities worldwide, which may also include companies from
emerging markets. The fund focuses on investing in large and
mid-cap firms and invests in minimum three countries. The global
mutual fund has a one year annualized return of 22.22%.
The global mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.22% compared to a category average
of 1.36%.
MassMutual Premier Global A (MGFAX) seeks capital
appreciation over the long term. It invests without any restriction
across several countries including emerging economies. However, it
primarily focuses on investments in developed markets such as the
US, Western European countries and Japan. The global mutual fund
has a one year annualized return of 21.75%.
As of December 2012, this global mutual fund held 88 issues,
with 3.13% of its total assets invested in Ericsson Telephone
Company.
Polaris Global Value (PGVFX) invests predominantly in
common stocks of companies across the world as well as ADRs. These
firms may also include companies from emerging markets. It invests
in around 15 different industries and seeks to diversify across
regions. The global mutual fund has a one year annualized return of
21.03%.
The fund manager is Bernard R. Horn, Jr. and he has managed this
global mutual fund since 1998.
Thornburg Global Opportunities A (THOAX) seeks capital
growth over the long term. The fund invests in a wide range of
equity securities worldwide. This includes common and preferred
stocks, real estate investment trusts and other equity trusts. The
global mutual fund has a one year annualized return of 18.86%.
The global mutual fund has a minimum initial investment of
$5,000 and an expense ratio of 1.49% compared to a category average
of 1.36%.
To view the Zacks Rank and past performance of all global mutual
funds, investors can click here to see the complete list of
funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find
funds that not only outpaced the market in the past but are also
expected to outperform going forward. Learn more about the Zacks
Mutual Fund Rank.
View All Zacks #1 Ranked Mutual Funds
Get Your Free (MGFAX): Fund Analysis Report
Get Your Free (OPPAX): Fund Analysis Report
Get Your Free (PGVFX): Fund Analysis Report
Get Your Free (THOAX): Fund Analysis Report
Get Your Free (USAWX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research