Top 5 Zacks #1 Ranked Global Mutual Funds - Best of Funds
31 May 2012 - 2:09AM
Zacks
The turmoil in the European markets have resulted in economic
contagion to other nations and affected investor confidence
throughout the world. This has led to many investors withdrawing
funds from risky assets and parking them in “safer” securities.
However, on the flip side of all the negativity and fear, this has
resulted in many developed and emerging market equities trading at
attractive valuations indicating good entry points. For investors
looking to capitalize on these opportunities global mutual funds
provide a diversified and cost effective investment avenue coupled
with professional insight.
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.
Thornburg Global Opportunities A (THOAX) seeks capital
appreciation over the long term. The fund focuses on investing in
equity as well as debt securities issues by domestic and foreign
companies. It may consider investing in smaller companies with
lesser market capitalizations. The global mutual fund has a three
year annualized return of 20.18%.
The global mutual fund has a minimum initial investment of
$5,000 and an expense ratio of 1.48% compared to a category average
of 1.44%.
Ivy Cundill Global Value A (ICDAX) seeks long term
capital appreciation by primarily investing in equity securities
issued by local companies in developed as well as emerging markets.
The stocks are considered undervalued compared to their current
market valuations. It may invest up to 20% of its assets in fixed
income securities as well. The global mutual fund has a three year
annualized return of 10.86%.
As of March 2012, this global mutual fund held 46 issues, with
7.12% of its total assets invested in Microsoft Corporation.
Marsico Global Fund (MGLBX) seeks capital growth. The
fund invests in common stock of domestic as well foreign companies
with a focus on companies having their principal business outside
the U.S. The stocks are selected on their growth potential. The
global mutual fund has a three year annualized return of
22.86%.
Thomas F. Marsico is the fund manager and he has managed this
global mutual fund since 2007.
ING Global Value Choice A (NAWGX) seeks long term capital
appreciation. A minimum of 80% of its assets is invested in a
variety of asset classes like common and preferred stocks,
depository receipts, derivatives and convertible securities issued
primarily by foreign companies. It has a 25% cap on emerging market
securities. The global mutual fund has a three year annualized
return of 14.21%.
The global mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.42% compared to a category average
of 1.44%.
GAMCO Global Growth AAA (GICPX) seeks capital
appreciation by investing predominantly in common stocks of
companies having an above par growth potential. The issuers of
these stocks must be located in at-least three countries with a
minimum of 40% of its assets invested in non U.S securities. The
global mutual fund has a three year annualized return of
17.68%.
Howard F. Ward is the fund manager and he has managed this
global mutual fund since 1994.
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 at http://www.zacks.com/funds.
View All Zacks #1 Ranked Mutual Funds
(GICPX): ETF Research Reports
(ICDAX): ETF Research Reports
(MGLBX): ETF Research Reports
(NAWGX): ETF Research Reports
(THOAX): ETF Research Reports
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