Top 5 Global Mutual Funds - Best of Funds

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 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 an attractive opportunity for investors looking at this category.

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.

Fidelity Advisor Global Capital Appreciation A (FGEAX) seeks capital appreciation over the long term. The fund invests a large proportion of its assets in domestic and foreign equity securities, focusing on common stocks. The global mutual fund returned 8.98% over the last one year period.

The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.44% compared to a category average of 1.49%.

Harding Loevner Global Equity Advisor (HLMGX) invests the majority of its assets in companies located in the U.S. as well as foreign countries. The fund primarily invests in common stock, convertible securities, rights and warrants. It also invests in companies that invest in these categories of securities. The fund has a five year annualized return of 5.55%.

Ferrill T. Roll is the fund manager has managed this global fund since 2001.

Liberty Street Horizon A (LSHAX) seeks capital appreciation over the long term. The fund invests a large proportion of its assets in domestic and foreign equity securities. It invests in firms without regard to their size. The global mutual fund returned 20.05% in the last one year period.

As of March 2011, this global mutual fund held 61 issues, with 6.16% of its total assets invested in Leucadia National Corporation

Wells Fargo Advantage Global Opportunities A (EKGAX) invests the majority of its assets in small and mid-cap companies which are within the market cap range of the S&P Global Small/Mid Cap index. Not more than 20% of its assets may be invested in emerging market stocks. The global mutual fund has a three year annualized return of 4.81%.

The global mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.50% compared to a category average of 1.49%.

Kinetics Paradigm No Load (WWNPX) seeks long term capital appreciation. At least 56% of its assets are invested in equity securities having features similar to common stocks of domestic and foreign companies. A maximum of 20% of its assets may be used to purchase bonds. The global mutual fund returned 19.47% in the last one year period.

Peter B. Doyle is the fund manager has managed this global mutual fund since 2001.

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