Zacks #1 Ranked Global Mutual Funds - Best of Funds

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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.

American Funds New Economy A (ANEFX) invests in common stocks with growth potential. It invests in those companies that may benefit from innovative technologies and products that meet demands of the global economy. The firm invests a major portion of assets in foreign companies which may include developing nations. The global mutual fund returned 24.99% over the last one year period.

The fund has an expense ratio of 0.83% as compared to category average of 1.21%.

Evermore Global Value A (EVGBX) seeks capital growth. It invests in both domestic and foreign companies. A minimum of 40% of assets are invested in securities of foreign companies which may be located in both mature and developing markets. The fund focuses on acquiring value stocks. It may also invest in companies undergoing mergers as well as those which may be distressed. The global mutual fund returned 30.41% over the last one year period.

David E. Marcus is the fund manager and has managed the fund since 2009.

Hartford Global Growth A (HALAX) seeks capital appreciation. A minimum of 65% of assets are invested in securities of growth companies across the globe. A maximum of 25% of assets may be invested in companies primarily operating in emerging markets. The global mutual fund returned 26.12% over the last one year period.

Matthew D. Hudson is the fund manager and has managed the fund since 2007.

Mutual Global Discovery A (TEDIX) seeks capital growth. It invests in domestic and foreign companies available at a lower market price than intrinsic values. It generally invests in undervalued stocks. The global mutual fund returned 14.67% over the last one year period.

The fund has an expense ratio of 1.28% as compared to category average of 1.35%.

SEI Global Managed Volatility A (SVTAX) invests in both domestic and foreign companies with a minimum of 40% of its assets invested in foreign companies. It may invest in warrants, ETFs and futures contracts, among others. It invests in minimum three foreign countries. The global mutual fund returned 5.24% over the last one year period.

Brendan O. Bradley is the fund manager and has managed the fund since 2011.

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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Mutual Funds

Referenced Stocks: ANEFX , EVGBX , TEDIX , SVTAX

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