Non-U.S. mutual funds provide excellent choices for those looking to diversify their investments across a wide range of countries, including emerging and developed markets. Thus, investing in non-U.S. mutual funds may prove more profitable than in those with significant domestic exposure.
Below we share with you three top-ranked non-U.S. mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
BlackRock International Fund of BlackRock Series, Inc. Investor A Shares (MDILX – Free Report) aims for capital appreciation over the long term. The fund invests the majority of assets in stocks of companies located outside the United States. MDILX invests a minimum of 75% of its total assets in global equity securities of any market capitalization. This non-U.S. mutual fund has a three-year annualized return of 14.9%.
MDILX has an expense ratio of 0.90% compared with the category average of 0.92%.
FidelityAdvisor Emerging Markets Fund (FEMKX – Free Report) aims for capital appreciation. The fund invests the majority of assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets. FEMKX has three-year annualized returns of 18.6%.
John Dance is the fund manager of FEMKX since 2019.
John Hancock Emerging Markets Equity Fund Class A (JEMQX – Free Report) aims for long-term capital growth. The fund invests the majority of assets in equity and equity-related securities of emerging-market issuers. JEMQX has three-year annualized returns of 16%.
As of the end of May 2021, JEMQX held 68 issues with 4.77% of its assets invested in Taiwan Semiconductor Manufacturing Co Ltd.
To view the Zacks Rank and past performance of all non-U.S. mutual funds, investors can click here to see the complete list of funds.
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