5 Top-Ranked Global Mutual Funds to Buy Now
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 the 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 and attractive opportunity for investors.
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.
Dodge & Cox Global Stock (DODWX) invests in equities of mid to large cap companies from at least three countries. A minimum of 40% of assets are invested in foreign securities including those from emerging nations. It invests a lion’s share of its assets in common stocks and preferred stocks or other securities related to them. The global mutual fund returned 20.4% over the last one year period.
The fund has an expense ratio of 0.65% as compared to category average of 1.33%.
Fidelity Mid Cap Value (FSMVX) seeks capital growth over the long run. The fund invests a large portion of its assets in mid cap companies all over the globe having market capitalizations identical to those included in the Russell Midcap Index or the S&P MidCap 400 Index. It may also invest in large and small cap companies. The global mutual fund returned 20.5% over the last one year period.
Court Dignan is the fund manager and has managed the fund since 2013.
Deutsche Global Infrastructure A (TOLLX) invests a lion’s shares of its assets in global companies involved in the infrastructure sector. The companies which have a minimum of infrastructure assets or derive a minimum of half of its revenues by operating in the sector are considered for investment. The non-diversified global mutual fund returned 25.1% over the last one year period.
As of July 2014, this fund held 57 issues with 7.8% of its assets invested in American Tower Corp.
Fidelity Value (FDVLX) seeks capital growth over the long run. It invests in “value” stocks of both U.S. and non-U.S. companies. These stocks are suggested by Fidelity Management & Research Company (FMR.V) depending on factors such as assets and growth prospect. The fund focuses on acquiring common stocks of mid-cap firms, but may also invest in large and small cap companies. The global mutual fund returned 17.5% over the last one year period.
The fund has an expense ratio of 0.65% as compared to category average of 1.23%.
RS Investors A (RSINX) invests mostly in stocks of companies that are believed to be undervalued. It primarily invests in domestic companies but may also invest a significant portion of its assets in non U.S. companies. The fund invests in companies of all market capitalization. The global mutual fund returned 16.9% over the last one year period.
As of June 2014, this fund held 32 issues with 5.68% of its assets invested in Liberty Interactive Corp Class A
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 in our Mutual Fund Center.
Read the analyst report on DODWX
Read the analyst report on FSMVX
Read the analyst report on TOLLX
Read the analyst report on FDVLX
Read the analyst report on RSINX
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