Today we are featuring top-performing “global” equity mutual funds that invest in equity securities of both U.S. and foreign companies.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Global Equity Funds list.

3 Solid Picks

First Eagle Global A (SGENX) seeks long-term capital growth by investing in a wide range of asset classes from markets in the United States and around the world. It has a flexible approach and invests in securities regardless of market capitalization, sector or asset class.

The fund invests in undervalued common stocks, bonds, preferred and convertible securities and, at times, real estate and gold-related investments. It has topped its benchmark index in terms of total annual returns in the 1-, 3- and 5-year periods.

Berkshire Hathaway Inc. (BRK.A) SMC Corp. and Sodexho Alliance are among the fund’s top holdings.

ING Global Value Choice A (NAWGX) was incepted in April 1993 and seeks long-term capital appreciation.

The fund invests in undervalued companies both U.S. and overseas that possess catalysts to improve profitability and/or unlock value. As of October 2008, its turnover ratio was 73%.

Unit holders have to make a minimum initial investment of $1,000 to enter the Zacks#1 Rank (”Strong Buy”) shares. The fund distributes dividends and capital gains, if any, annually.

Mutual Discovery A (TEDIX) seeks capital appreciation. It may invest significantly in foreign equity and debt securities and participations in government debt.

As of March 31, 2009, the fund had invested 49% of its assets in stocks, 46% in cash and 4% in bonds. It has an expense ratio of 1.30%. It distributes dividends semi-annually and capital gains annually.

The fund’s key holdings include UST Inc. (UST), British American Tobacco Plc (BATS) and Groupe Danone.

Discover Many More Funds

Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.

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