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 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.
American Funds New World Fund Class A (NEWFX – Free Report) aims for long-term capital appreciation. The fund invests in common stocks of companies with significant exposure to countries with developing economies and/or markets. NEWFX has three-annualized returns of 11.7%.
NEWFX has an expense ratio of 1.00% compared with the category average of 1.31%.
PGIM Jennison Emerging Markets Equity Opportunities Fund- Class R6 (PDEQX – Free Report) aims for long-term growth of capital. The fund mostly invests in the equity and equity-related securities of companies located in emerging markets countries. PDEQX has three-year annualized returns of 22.7%.
Mark B. Baribeau is the fund manager of PDEQX since 2014.
Vanguard International Growth Fund Investor Shares (VWIGX – Free Report) seeks to provide long-term capital growth to its investors. The fund invests the majority of its assets in securities of companies located outside the United States. It invests across all market capitalizations. VWIGX has three-year annualized returns of 22.3%.
As of the end of December 2020, VWIGX held 123 issues with 5.51% of its assets invested in Tesla Inc.
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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