Today we are featuring top-performing “European” equity mutual funds, which primarily invest equity securities of companies based in Europe.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank European Equity Funds.
3 Solid Samples
Metzler/Payden European Emerging Markets (MPYMX) seeks long-term capital appreciation. The fund is non-diversified.
The fund normally invests at least 80% of assets in the equity securities of issuers organized or headquartered in developing economies of Central and Eastern Europe. It invests in securities that trade and pay dividends in euros and other foreign currencies.
Unit holders have to make a minimum initial investment of $5,000 to enter this Zacks#1 Rank (“Strong Buy”) fund. It has an expense ratio of 1.47%.
Fidelity Nordic (FNORX) seeks long-term growth of capital by investing in securities of Danish, Finnish, Norwegian and Swedish issuers.
The fund may invest the balance, however, in securities of other European issuers. It may invest up to 35% of total assets in any industry that accounts for more than 20% of the Nordic market.
Melissa M. Reilly has been lead manger at the fund since May 2009. The fund offers dividends and capital gains annually in December.
T. Rowe Price European Stock (PRESX) was incepted in February 1990. The investment seeks long-term capital appreciation, with current income as a secondary consideration.
The fund invests in both small and large European companies. Normally, at least five countries will be represented in the portfolio.
The fund is ideal for investors looking for enhanced appreciation potential over time and greater diversification for their equity investments. The fund has outperformed total returns of its benchmark index in the last 1- and 3-year periods.
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Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
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.