September 20, 2006 9:49 PM
Three Great Mutual Funds For Global Exposure
If you want to have exposure on worldwide stocks, you can buy into one of the following funds from Morningstar's recommendation.
From Morningstar:
Of the 80 funds in the world-stock category with a history reaching back beyond the year 2000, 30 had an expense ratio below 1.3% ( the upper end of what we'd consider low cost) and fulfilled the minimum investment criterion, too. Of those, only eight funds managed to keep their cumulative losses during the aforementioned bear-market period below 20%. And a further four offerings failed the volatility hurdle, as their average standard deviation (the most common measure for the consistency of returns) for the trailing five years through Aug. 31, 2006 came in above the 14 (the typical standard deviation for this group). Van Kampen Global Franchise (VGFAX), one of our favorite low-risk options, is closed to new investors and was thus the last fund to be cut from the list. We'd happily recommend buying it if reopened, though.
This exercise thus left us with three intriguing, very distinct choices.
- American Funds Capital World Growth & Income (CWGIX)
- Mutual Discovery (MDISX)
- Templeton Growth (TEPLX)
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