Top-ranked mutual funds for retirement, Digi Mart USA News: It is never too late to invest in mutual funds for retirement. Investors who plan to choose from among the best funds may find guidance in the Zacks Mutual Fund Rank.
The most reliable way to judge a mutual fund’s quality over time, according to the article, is to analyze its performance, diversification and fees. The Zacks Mutual Fund Rank covers more than 19,000 mutual funds and has been used to identify three options considered suitable for long-term, retirement-focused portfolios.
The first is the Van Eck International Investors Gold Y (INIYX), which has a 0.93% expense ratio and a 0.65% management fee. It is a precious metal fund that normally invests in stocks focused on the mining and production of precious metals such as gold, silver, platinum and palladium.
INIYX has achieved five-year annual returns of 28.57%.
The second is the AQR Managed Futures Strategy R6 (AQMRX), with a 1.12% expense ratio and a 1.05% management fee. It is an Allocation Balanced mutual fund, which invests across asset types such as stocks, bonds and cash; including precious metals or commodities is not unusual for such funds, which are mostly categorized by their asset allocation.
The fund has produced a 15.16% return over the last five years.
The third is the Columbia Disciplined Value Z (CVQZX), described as an attractive large-cap allocation. It is a Large Cap Value mutual fund that invests in stocks with a market capitalization of $10 billion or more whose share prices do not reflect their intrinsic value.
CVQZX has a 0.78% expense ratio, a 0.75% management fee and annual returns of 13.8% over the past five years.
The article concludes that investors who work with an investment advisor should check whether their portfolio includes one or more of the top-ranked funds reviewed, and that if it does not, it may be time to have a conversation or reconsider that relationship.
