Investors can no longer ignore the attractions of global equity markets. Though U.S equity markets retain their global significance, they no longer retain their earlier primacy. Further, a prudent combination of foreign and domestic investments provide better results and go a long way in reducing portfolio risk. With their analytical prowess and expert management global mutual funds provide investors with a unique opportunity to tap into the inherent strengths of 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, then click here.
Putnam Global Equity A (PEQUX) invests the majority of its assets in equity securities of companies across the world. The fund focuses on acquiring common stocks of large and mid-cap companies, though it may also consider smaller companies for investment purposes. This global mutual fund returned 6.98% over the last one year period.
Shigeki Makino is the fund manager and he has managed this global mutual fund since 2002.
Invesco Global Growth A (AGGAX) seeks capital appreciation over the long term. It invests at least 65% of its assets in domestic and foreign equity securities. The fund focuses on investing in large and mid-cap companies. At least 20% of its assets are used to purchase dollar denominated securities. The global mutual fund has a five year annualized return of 5.01%.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.79% compared to a category average of 1.53%.
Henderson Global Equity Income A (HFQAX) invests heavily in a wide range of income generating equity securities. The fund primarily purchases common and preferred stocks which pay regular dividends and invests in both domestic and foreign securities. This global mutual fund returned 8.94% over the last one year period.
As of June 2010, this global mutual fund held 76 issues, with 4.05% of its total assets invested in GlaxoSmithKline PLC.
Templeton Global Opportunities A (TEGOX) seeks capital appreciation. At least 65% of its assets are invested in equity securities of companies worldwide. Up to 40% of the fund’s assets may be utilized to purchase emerging market securities. It may invest in companies of all sizes. The global mutual fund has a ten year annualized return of 2.78%.
The global mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.37% compared to a category average of 1.53%.
AIM Global Core Equity A (AWSAX) invests the majority of its assets in domestic and foreign equity securities. The fund seeks out securities which are priced lower than the issuers’ current and prospective earnings potential. This global mutual fund returned 5.57% over the last one year period.
The fund manager is W. Davidson and he has managed this global mutual fund since 2008.
To view the Zacks Rank and past performance of all global mutual funds, then click here.
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 at http://www.zacks.com/funds/mutualfund/
