Advertisement
Canada markets open in 7 hours 27 minutes

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7252
    -0.0011 (-0.15%)
     

  • CRUDE OIL

    84.49
    +1.76 (+2.13%)
     

  • Bitcoin CAD

    85,576.19
    +1,416.86 (+1.68%)
     

  • CMC Crypto 200

    1,288.16
    -24.46 (-1.83%)
     

  • GOLD FUTURES

    2,397.70
    -0.30 (-0.01%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     

  • NASDAQ futures

    17,378.00
    -169.25 (-0.96%)
     

  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • NIKKEI 225

    37,257.07
    -822.63 (-2.16%)
     

  • CAD/EUR

    0.6823
    +0.0002 (+0.03%)
     

Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - January 31, 2020

Zacks Equity Research
·2 min read

If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to your retirement.

Great performance, diversification, and low fees: it's a pretty simple formula for a great mutual fund. Some are better than others, but utilizing our Zacks Rank, we have identified three mutual funds that would make great additions to long-term investors' portfolios.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

MassMutual Select Equity Opportunities Service Class (MMFYX): 0.94% expense ratio and 0.69% management fee. MMFYX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people with a "buy and hold" mindset. MMFYX has achieved five-year annual returns of an astounding 10.62%.

ADVERTISEMENT

MFS Global New Discovery R6 (GLNNX): 1.16% expense ratio and 0.98% management fee. GLNNX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. With yearly returns of 11.3% over the last five years, GLNNX is an effectively diversified fund with a long reputation of solidly positive performance.

T. Rowe Price New Horizons (PRNHX) is an attractive large-cap allocation. PRNHX is a Small Cap Growth mutual fund building their portfolio around stocks with market caps under $2 billion and large growth opportunities. PRNHX has an expense ratio of 0.76%, management fee of 0.64%, and annual returns of 16.24% over the past five years.

So, there you have it - if your advisor has you invested in any of our "Magnificent Retirement Mutual Funds," they are certainly earning their keep. If not, you may want to look elsewhere.

Do You Know the Top 9 Retirement Investing Mistakes?

Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.

To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.


This report can help you sidestep these costly mistakes and potentially achieve your retirement goals. Get Your FREE Guide Now
 
Get Your Free (GLNNX): Fund Analysis Report
 
Get Your Free (PRNHX): Fund Analysis Report
 
Get Your Free (MMFYX): Fund Analysis Report
 
To read this article on Zacks.com click here.