Tag Archives: mutual funds

3 Best-Rated Pacific Mutual Funds To Invest In

Investors interested in gaining exposure to the well-diversified and economically vibrant Pacific Basin may consider mutual funds that primarily allocate most of their assets in countries within this region. Mutual funds investing in Pacific Basin are expected to provide a blend of growth opportunities and low investment risk courtesy of high diversification in developed and developing markets. Prominent centers of production and fast-growing potential markets in this part of the world also make it an exciting investment destination. Below we share with you three top-ranked Pacific Mutual Funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Fidelity Pacific Basin (MUTF: FPBFX ) invests a major portion of its assets in securities of issuers located in or economically tied to the Pacific Basin. FPBFX primarily focuses on acquiring common stocks of companies located across a wide range of Pacific Basin countries. Factors such as financial strength and economic conditions are considered before investing in a company. The Fidelity Pacific Basin fund has a five-year annualized return of 6.5%. John Dance is the fund manager of FPBFX since Oct. 2013. Commonwealth Australia/New Zealand (MUTF: CNZLX ) seeks long-term growth of capital. CNZLX invests a large portion of its assets in depositary receipts represented by Australian and New Zealand issuers that are tied economically to Australia or New Zealand. CNZLX may invest in open-end, closed-end and exchange-traded funds. The Commonwealth Australia/New Zealand fund has a five-year annualized return of 4.5%. As of January 2016, CNZLX held 45 issues with 18.14% of its assets invested in South Port New Zealand Ltd. Matthews Korea Investor (MUTF: MAKOX ) invests a large chunk of its assets in common and preferred stocks of South Korean companies. MAKOX focuses on mid-to-large-cap firms, but is not restricted to them. The fund seeks long-term capital appreciation. The Matthews Korea Investor is a non-diversified fund and has a five-year annualized return of almost 8%. MAKOX has an expense ratio of 1.10% as compared to the category average of 1.87%. Original Post

4 Top-Rated Global Mutual Funds To Watch For

In a scenario wherein the major central banks are choosing intensive economic stimulus measures and the U.S. benchmarks are rebounding strongly, investing in global mutual funds may provide an excellent opportunity to diversify one’s portfolio. While the U.S. economy has shown some signs of improvement and the key interest rates are expected to remain low for a longer period of time, the central banks of Eurozone, China and Japan opted for economic stimulus measures such as multiple rate cuts, negative interest rates and monetary easing to boost their respective economies. These countries are thus lucrative investment propositions for now. Thus, a portfolio having exposure to both domestic and foreign securities will help in reducing risk and enhancing returns. Also, if selected carefully, global mutual funds have the potential to offer secure and attractive investment opportunities. Below, we share with you four top-rated global mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Dreyfus Global Equity Income A (MUTF: DEQAX ) invests the lion’s share of its assets in equity securities of companies located in the developed nations including the U.S., Japan and Western Europe. DEQAX invests primarily in stocks of companies that are expected to pay dividend. The fund may also invest in securities issued in emerging countries. DEQAX allocates its assets in a minimum of three countries. Dreyfus Global Equity Income A returned 4.6% over the past four weeks. As of Jan. 2016, DEQAX held 55 issues with 5.52% of its assets invested in Philip Morris International Inc. (NYSE: PM ). Eaton Vance Tax-Managed Global Dividend Income A (MUTF: EADIX ) seeks total return after deduction of taxes. EADIX generally invests in dividend-paying securities of companies throughout the globe. The fund invests the majority of its assets in common and preferred stocks. Eaton Vance Tax-Managed Global Dividend Income A returned 5.8% over the past four weeks. EADIX has an expense ratio of 1.18% as compared to the category average of 1.28%. Fidelity Worldwide (MUTF: FWWFX ) invests primarily in common stocks of both domestic and foreign companies. FWWFX focuses on diversifying its investments across various countries and regions. Factors including financial strength and economic conditions are taken into consideration before investing in a company. Fidelity Worldwide returned 6% over the past four weeks. William Kennedy is one of the fund managers of FWWFX since 2006. Oakmark Global Select I (MUTF: OAKWX ) invests in common stocks of companies from a minimum of three countries. OAKWX is believed to maintain a portfolio of around 20 securities. Under normal circumstances, OAKWX invests not less than 40% of its assets in securities of foreign companies. Oakmark Global Select I is a non-diversified fund and returned 7.8% over the past four weeks. Original Post

Miles Capital Launches Fund Of Alternative Funds

The recently launched Miles Capital Alternatives Advantage Fund has an interesting approach to multialternative investing: it gains its exposures by bundling other alternative mutual funds and ETFs. The fund, which launched on March 14, is available in N (MUTF: MILNX ) and I (MUTF: MILIX ) share classes, with respective net-expense ratios of 3.24% and 2.99% (this includes 1.24% of acquired fund fees from the underlying funds), and initial investment minimums of $2,500 and $50,000. Allocation Across Multiple Strategies The Miles Capital Alternative Advantage Fund’s investment objective is to provide long-term capital returns with less volatility than U.S. equity markets. It pursues this end by means of investing in mutual funds and ETFs employing the following strategies: Long/short equity Long/short credit Market neutral Arbitrage Global macro Moreover, the fund may invest in mutual funds and ETFs that bundle alternative assets, in addition to strategies. These assets may include commodities and commodity-linked instruments, currencies, real estate and other real assets, and illiquid private placements and distressed assets. For more information, read the fund’s prospectus . Fund of Funds Approach Although the “fund of funds” approach is common among hedge funds, “funds of alternative mutual funds and ETFs” are less so. Still, the Miles Capital Alternatives Advantage Fund isn’t the first. Three of the best performing funds from the group that came before it include: Of the three, CAALX is the largest in terms of assets under management (“AUM”), at $460 million. LPTAX was second, at $227 million AUM; while GASAX was the smallest, at $90 million AUM. How have these “funds of alternative funds” performed? In terms of their 3-year returns through February 29, CAALX was tops at +3.76%, which was good enough to rank in the top 7% of Morningstar’s Multialternative category. LPTAX’s 3-year returns stood at 2.73%, which put it in the top 15%. And GASAX returned 2.05% for the 3-year period ending Leap Day 2016, putting it in the top 23% of its peers. Past performance does not necessarily predict future results. Jason Seagraves contributed to this article.