5 Zacks #1 Ranked Non-U.S. Mutual Funds

Major economies including Europe, and Japan have witnessed an impressive rebound in growth in 2015. Most of these economies implemented aggressive economic stimulus measures to boost their economies, and it seems that they have started to gain the benefits of these policies. This has resulted in an uptrend of the economies of Europe, Japan, China, and India. Separately, the U.S. economy witnessed a slowdown in the first quarter, and grew only 0.2%. Among others, a stronger dollar, slump in oil prices and a harsh winter were witnessed as main reasons behind the slowdown. In this scenario, investors may find it profitable to invest in non-US mutual funds due to the improving global growth environment.

Below we will share with you 5 top rated non-U.S. mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all non-U.S. funds, investors can click here to see the complete list of funds.

Thornburg International Value A (TGVAX - MF report) seeks capital growth over the long-run. TGVAX generally invests in securities of countries excluding the U.S. These securities may also include foreign depository receipts. Though TGVAX focuses on acquiring securities of developed nations, it may also invest in securities of developing nations to a lesser extent. The Thornburg International Value A fund returned 17% over the last one year period.

TGVAX has an expense ratio of 1.26% as compared to category average of 1.35%.

Ivy Managed International Opportunities A (IVTAX - MF report) maintains a well-diversified portfolio by investing in foreign stocks as well as bonds through certain Ivy Funds global/international mutual funds. These funds mainly invest in international equity securities, which also include securities from emerging markets. IVTAX may also allocate a smaller potion of its assets in investment grade bonds of foreign companies and governments. The Ivy Managed Intl Opportunities A fund returned 11.3% over the last one year period.