It’s never too late to invest in mutual funds for retirement. The Zacks Mutual Fund Rank is also a great tool for investors looking to invest in the best funds.
The best way to shortlist a good mutual fund is to ensure solid performance, diversification and low fees. While some are better than others, he used Zachs Mutual Fund Ranks to identify three mutual funds that could be a sure addition to his retirement portfolio.
Let’s take a closer look at some of the mutual funds with the highest Zacks mutual fund rankings and lowest fees.
amana growth investor (Amax – Free report): Expense rate 0.92%, administrative fee 0.62%. AMAGX is a large-cap growth option. These mutual funds purchase shares in a number of large US companies that are expected to develop and grow at a faster pace than other large-cap stocks. AMAGX has achieved a staggering annual return of 15.09% in his five years.
Janus Henderson Global Life Science D (JNGLXMore – Free Report) stands out among its peers. JNGLX is a sector-health mutual fund, offering investors the opportunity to focus on one of the largest sectors of the American economy, healthcare. With a 5-year annualized performance of 10.39%, an expense ratio of 0.8% and a management fee of 0.64%, this diversified fund has a solid performance history and is an attractive buy.
Oberweiss Small Cap Opportunity (Obsocks – Free report): 1.25% expense ratio, 0.8% administration fee. OBSOX is a small cap growth mutual fund and tends to feature small and midsize companies in up-and-coming industries and markets. The fund invests primarily in stocks and has a long reputation for excellent performance, with annual returns of 13.49% for him over the past five years.
There it is. If a financial advisor asks you to invest their money in one of our top-ranked funds, they have you covered. If not, we may need to discuss it.