4 Non-US Mutual Funds to Buy Now
Non-U.S. mutual funds provide excellent choices for those looking to diversify their investments across a wide range of foreign countries, including both emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove profitable and more attractive than those with significant domestic exposure.
Below we share with you four top-ranked non-U.S. mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of Non-US Mutual Funds.
T. Rowe Price Japan PRJPX seeks capital appreciation in the long run by investing the majority of its assets in securities of companies based in Japan. PRJPX invests in various Japanese companies and industries, irrespective of their size. T. Rowe Price Japan has three-year annualized returns of 13.5%.
Archibald A. Ciganer has been the fund manager of PRJPX since 2013.
MFS International Growth I MQGIX aims capital appreciation by investing primarily in securities of foreign companies, which also comprise emerging market equity securities. The fund invests in companies it believes will have above-average earnings growth potential. MQGIX has three-year annualized returns of 12.8%.
As of February 2019, MQGIX held 84 issues with 4.62% of its assets invested in Nestle SA.
Vanguard International Value Inv VTRIX seeks to provide long-term capital growth by investing primarily in common stocks of companies located outside the United States that are considered undervalued by an advisor. Such stocks are often known as value stocks. The fund utilizes numerous investment advisors. VTRIX has three-year annualized returns of 10.5%.
VTRIX has an expense ratio of 0.38% compared with the category average of 1.14%.
VY Morgan Stanley Global Franchise S IVGTX seeks long-term growth of capital. IVGTX primarily focuses on acquiring equity securities of companies that are believed to be undervalued and have a strong growth potential. IVGTX invests in securities of companies located throughout the globe including domestic firms and those that are located in both developed and emerging countries. The Hartford Global Growth HLS IA fund has three-year annualized returns of 13.6%.
As of December 2018, IVGTX held 31 issues, with 8.45% of its assets invested in Reckitt Benckiser Group PLC.
To view the Zacks Rank and past performance of all Non-US mutual funds, investors can click here to see the complete list of Non-US 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 Nasdaq, Inc.