Start the conversation
Investors can no longer ignore the attractions of global equity markets and limit themselves to domestic investments. Though U.S equity markets retain their global significance, they no longer command the importance which they did in the past. Research has also shown that a prudent combination of foreign and domestic investments provide better results and aid in reducing risk. With their analytical prowess and expert management global mutual funds provide investors with a unique opportunity to harness the strengths of both 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, investors can click here to see the complete list of funds.
MainStay Epoch Global Equity Yield A (EPSPX) invests in a wide range of equity securities issued by firms across the globe, including domestic companies. The fund focuses on investing in companies with a history of paying steady dividends, irrespective of their size. This high yield mutual fund returned 5.7% over the last one year period.
The global mutual fund has a minimum initial investment of $250 and an expense ratio of 1.42% compared to a category average of 1.41%.
Hartford Global Real Asset A (HRLAX) seeks total returns over the long term higher than inflation over a business cycle. The fund invests in a wide range of inflation related equity securities, bonds and commodity-linked instruments. This high yield mutual fund returned -13.65% over the last one year period.
The fund manager is Lindsay M. Politi and he has managed this global mutual fund since 2010.
Wells Fargo Advantage Intrinsic World Equity A (EWEAX) invests the majority of its assets in not less than three countries at the same time, including the U.S. The fund invests a maximum of 25% of its assets in a single country. This high yield mutual fund returned 4.84% over the last one year period.
As of July 2012, this global mutual fund held 54 issues, with 3.86% of its total assets invested in Wfa Cash Inv Mm Fund Par 3800.
Nuveen Tradewinds Global All-Cap A (NWGAX) seeks capital appreciation. The fund invests 40% to 75% of its assets in foreign equity securities. Not more than 35% of its assets are invested in a single foreign nation. This high yield mutual fund returned -19.56% over the last one year period.
The fund manager is Andrew J Thelen and he has managed this global mutual fund since 2012.
Virtus Global Infrastructure A (PGUAX) invests a major portion of its assets in equity securities of infrastructure companies. Investments are spread over three countries, one of which is the US. A minimum of 25% of its assets are utilized to purchase domestic securities. This high yield mutual fund returned 11.44% over the last one year period.
The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.34% compared to a category average of 1.41%.
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.
View All Zacks #1 Ranked Mutual Funds
(EPSPX): ETF Research Reports
(EWEAX): ETF Research Reports
(HRLAX): ETF Research Reports
(NWGAX): ETF Research Reports
(PGUAX): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research