Top 5 #1 Ranked Global Mutual Funds by Zacks Investment Research
Investors can no longer ignore the attractions of global equity markets and limit themselves to domestic investments. Though U.S equity markets retain their global significance, they no longer command the importance which they did in the past. Research has also shown that a prudent combination of foreign and domestic investments provide better results and aid in reducing risk. With their analytical prowess and expert management global mutual funds provide investors with a unique opportunity to harness the strengths of both local and international financial markets.
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.
GAMCO Global Growth AAA (MUTF:GICPX) seeks capital growth. The fund invests a minimum of 65% of its assets in the securities of companies that are undervalued and have the potential to grow. It invests in a minimum of three countries at any given point. Not less than 40% of its assets are invested in foreign securities. The global mutual fund has a one year annualized return of 18.81%.
The global mutual fund has an expense ratio of 1.84% compared to a category average of 1.37%.
USAA World Growth (MUTF:USAWX) invests predominantly in domestic and foreign equity securities. It may invest in securities from emerging markets and also in firms irrespective of their sizes. It concentrates on acquiring securities of large-cap companies. The global mutual fund has a one year annualized return of 18.29%.
As of August 2012, this global mutual fund held 98 issues, with 3.11% of its total assets invested in Nestle SA
Hartford Global Growth A (HALAX) seeks capital appreciation. The fund invests a minimum of 65% of its assets in securities of both domestic and foreign companies. It has no restrictions on the amount to be invested in any single country. It may also invest in emerging market securities. The global mutual fund has a one year annualized return of 17.24%.
The fund manager is Matthew A. Hudson and he has managed this global mutual fund since 2007.
Wells Fargo Advantage Global Opportunities A (MUTF:EKGAX) invests a large share of its assets in equity securities of small and medium-sized companies. These firms must have market capitalizations within the range of the S&P Global MidSmall Cap Index. Generally, it invests in a minimum of three countries. The global mutual fund has a one year annualized return of 15.90%.
The global mutual fund has an expense ratio of 1.54% compared to a category average of 1.37%.
DWS RREEF Global Infrastructure A (MUTF:TOLLX) seeks total return. It invests the majority of its assets in securities of both domestic and foreign companies related to the infrastructure sector. The global mutual fund is a non-diversified fund and has a one year annualized return of 15.81%.
The fund manager is Manoj H. Patel and he has managed this global mutual fund since 2011.
A motif is a investment fund portfolio of up to 30 stocks reflecting an investing idea. Pick an actionable idea from trends and events in our catalog. Customize a motif to your needs - add/delete stocks or change weightings in your fund portfolio. Motif Investing is perfect for investors who want to be a little bit more involved in the stock buy sell decision making with a Mutual Fund.
Zacks Mutual Fund Rankings Free Trial
The Zacks Mutual Fund Rank is a new rating system with one simple goal. To help you find the best mutual funds to beat the market in the future. This new feature is part of our Zacks Premium service. Click the link above to explore and learn more about Zacks Mutual Fund investing resources.
Morningstar Investment Research Free Trial
Mutual Fund Ratings Analysis Research of Growth Closed End and No Load Funds
What Is A Mutual Fund?
An investment instrument that consists of a pool of funds from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar investment assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus.
One of the main benefits of mutual funds is that they provide small investors access to professionally managed, diversified investment portfolios of equities, bonds and other securities, which would be quite difficult if potentially impossible to create with a small amount of capital. Each investors participates proportionally in the gain or loss of the fund. Mutual fund units, or shares, are issued and can typically be purchased or redeemed as needed at the fund's current net asset value (NYSE:NAV) per share, which is sometimes expressed as NAVPS.
Personal Capital Wealth Management
Helping you manage & grow your money. Personal Capital has created a next-generation financial advisor completely personalized around you. Smart money management in the palm of your hand. See all of your money in one secure place. Account balances, transactions, and investment performance. And now send money to anyone with our Universal Checkbook, exclusively for iPhone.