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Zacks #1 Ranked Global Mutual Funds - Best of Funds

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Over the years, studies have consistently shown that investing in both domestic equities and foreign stocks reduces portfolio risk while enhancing returns. In addition, the primacy of the US equity markets has greatly diminished with its share of global stock market capitalization declining steadily. This is why investors can no longer limit themselves to domestic investments. By holding widely diversified portfolios selected after careful research, global mutual funds offer a secure an attractive opportunity for investors looking at this category.

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.

Wells Fargo Advantage Global Opportunities A (EKGAX) seeks capital growth over the long run. It invests a lion's share of its assets in companies having market capitalization similar to those included in the S&P Global MidSmall Cap Index. It invests in at least three countries and a minimum of 25% of its assets are invested in a single country. It invests a maximum of 20% of its assets in securities of emerging market. The global mutual fund returned 20.19% over the last one year period.

The fund has an expense ratio of 1.55% as compared to category average of 1.35%.

Fidelity Advisor Capital Development A (FDTTX) invests in companies across the globe. It focuses on those stocks that are believed to have strong growth potential and high valuation prospect. It considers factors such as financial strength and economic conditions for investment decisions. The global mutual fund returned 20.67% over the last one year period.

Matthew W. Fruhan is the fund manager and has managed the fund since 2013.

VY FMR Diversified Mid Cap A (IFDMX) seeks long term capital appreciation. It invests major portion of its assets in mid cap companies having market capitalization identical to those included in the Russell Midcap Index or the Standard and Poor's MidCap 400 Index. It may invest a maximum of 25% of its assets in non-U.S. companies, including those from emerging economy. The global mutual fund returned 20.48% over the last one year period.

As of March 2014, this fund held 306 issues with 1.13% of its assets invested in TE Connectivity Ltd.

Oppenheimer Global Opportunities A (OPGIX) primarily invests in a wide range of domestic as well as foreign equity securities. The fund focuses on acquiring stocks, but may also purchase debt securities. It may also invest a maximum of 25% of its assets in junk bonds. The fund may also invest in developing or emerging countries and in small and midcap companies. The global mutual fund returned 21.78% over the last one year period.

The fund has an expense ratio of 1.21% as compared to category average of 1.35%.

Polaris Global Value (PGVFX) seeks capital growth over long run. It invests in global companies irrespective of their market cap. This also includes companies from emerging and developing nations. The global mutual fund returned 24.67% over the last one year period.

Bernard Horn, Jr. is the fund manager and has managed the fund since 1998.

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 Nasdaq, Inc.


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

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