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.

Evermore Global Value A (EVGBX) invests in both domestic and foreign companies. A minimum of 40% of its 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. The global mutual fund returned 28.74% over the last one year period.


The fund has an expense ratio of 1.62% as compared to category average of 1.35%.

T. Rowe Price Global Stock (PRGSX) seeks capital appreciation over the long run. It invests in prominent companies across the globe. The fund largely invests in diversified industries from the developed nations and also invests a small portion in emerging economies. The fund invests in a minimum of five countries including the U.S. A minimum of 40% of its assets are invested in foreign companies. The global mutual fund returned 28.28% over the last one year period.

David J. Eiswert is the fund manager and has managed the fund since 2012.

Fidelity Series All-Sector Equity (FSAEX) invests largely in equity securities of both U.S. and non-U.S. companies. It invests in growth and/or value stocks of companies depending on factors such as financial, economic and market conditions. The global mutual fund returned 25.40% over the last one year period.

As of April 2014, this fund held 210 issues with 3.38% of its assets invested in Apple Inc.

American Funds New Economy A (ANEFX) invests in common stock with growth potential. It invests in those companies that may gain from innovative technologies and whose products and services have demand in the global economy. The firm invests a major portion of assets in foreign companies which may include developing economies. The global mutual fund returned 27.85% over the last one year period.

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

RS Investors A (RSINX) invests mostly in value stocks of companies irrespective of their market capitalizations. It primarily invests in domestic companies but may also invest a significant portion of its assets in non U.S. companies. It is currently expected to have 25 to 30 holdings. This non diversified global mutual fund has returned 28.53% over the last one year period.

Robert Harris is the fund manager and has managed the fund since 2014.

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.

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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


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