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 times past. Research has also shown that a prudent combination of foreign and domestic investments can 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 tap into the strengths of local and international financial markets.Below we will share with you 5 top rated global funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future.
SEI Asset Allocation Diversified Global Growth A (SAGRX) primarily invests in a mix of underlying SEI funds. At least 45% of its assets are invested in underlying SEI funds which hold domestic and foreign equity securities, including securities issued from emerging markets. This global fund returned 17.63% over the last one year period.
John McCue is the fund manager and he has managed this global fund since 2006.
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 fund has a ten year annualized return of 2.67%.
The global 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. At least 20% of its assets may be used to purchase dollar denominated securities. This global fund returned 8.87% over the last one year period.
As of March 2010, this global fund held 125 issues, with 2.09% of its total assets invested in Royal Dutch Shell PLC B.
Dreyfus Worldwide Growth A (PGROX) seeks capital growth with a secondary objective of current income. At least 80% of its assets are invested in domestic and common foreign stock. It focuses on purchasing securities issued by prominent firms with market values exceeding $5 billion. This global fund returned 12.18% over the last one year period.
The fund manager is Fayez Sarofim and he has managed this global fund since 1993.
Invesco Global Growth A (AGGAX) 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 fund has a five year annualized return of 2.21%.
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