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 to be 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 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.
John Hancock Emerging Markets Equity Fund Class A JEMQX aims for long-term capital growth. The fund invests majority of assets in equity and equity-related securities of emerging-market issuers. JEMQX has three-year annualized returns of 13.8%.
Kathryn L. Langridge is the fund manager of JEMQX since 2015.
Vanguard International Growth Fund Investor Shares VWIGX seeks to provide long-term capital growth to investors. The fund invests majority of assets in securities of companies located outside the United States. It invests across all market capitalizations. VWIGX has three-year annualized returns of 21.7%.
It has an expense ratio of 0.44% compared with the category average of 1.05%.
American Funds New World Fund Class A NEWFX aims for long-term capital appreciation. The fund invests in common stocks of companies with significant exposure to countries with developing economies and markets. NEWFX has three-year annualized returns of 14.7%.
As of the end of March 2021, NEWFX held 553 issues with 2.31% of its assets invested in Microsoft Corp.
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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