Investors may find non-U.S. mutual funds more attractive than those with significant domestic exposure. Moreover, non-U.S. mutual funds are excellent choices for those looking to diversify their investments across a wide range of foreign countries including both emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove profitable.
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. 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 Non-US funds.
Vanguard International Explorer Investor VINEX invests primarily in equity securities of small-cap companies based in countries outside the United States that an advisor expects to offer capital growth potential. VINEX seeks growth of capital for the long run. The fund has multiple investment advisors. Vanguard International Explorer Investor has three-year annualized returns of 15.1%.
Simon Thomas has been one of the fund managers of VINEX since 2010.
T. Rowe Price Emerging Markets Stock PRMSX invests a large chunk of its assets in common stocks of companies that are based in emerging markets. The fund seeks capital growth for the long run. PRMSX may invest in companies, regardless of their size. T. Rowe Price Emerging Markets Stock has three-year annualized returns of 13.2%.
PRMSX has an expense ratio of 1.23% compared with the category average of 1.40%.
Putnam International Capital Opportunities A PNVAX invests heavily in common stocks of small- and mid-cap foreign companies that its advisor considers to have strong investment prospects. Although the fund focuses on developed countries, it may also invest in emerging markets. PNVAX seeks appreciation of capital for the long run. Putnam International Capital Opportunities A has three-year annualized returns of 11.9%.
As of December 2017, PNVAX held 99 issues with 3.09% of its assets invested in Kyudenko Corp.
To view the Zacks Rank and past performance of all Non-US mutual funds, investors can click here to see the complete list of Non-US funds.
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