Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.
How can you tell a good mutual fund from a bad one? It’s pretty basic: if the fund is diversified, has low fees, and shows strong performance, it’s a keeper. Of course, there’s a wide range, but using the Zacks Mutual Fund Rank, we’ve found three mutual funds that would be great additions to any long-term retirement investors’ portfolios.
Let’s break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
AQR Global Equity Fund N
(AQGNX – Free Report) has a 1.05% expense ratio and 0.6% management fee. AQGNX is a Global – Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren’t limited by geography. With yearly returns of 14.95% over the last five years, this fund clearly wins.
Fidelity Select Financial Services
(FIDSX – Free Report) : 0.7% expense ratio and 0.69% management fee. Sector – Finance funds offer a stable, diversified approach to investing that focuses on the financial industry, an infamously large, complex, and heavily-regulated space. With yearly returns of 17.71% over the last five years, FIDSX is an effectively diversified fund with a long reputation of solidly positive performance.
T. Rowe Price Science & Technology Fund
(PRSCX – Free Report) : 0.79% expense ratio and 0.64% management fee. PRSCX is a Sector – Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With a five-year annual return of 15.95%, this fund is a well-diversified fund with a long track record of success.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we’ve reviewed. But if that isn’t the case, it might be time to have a conversation or reconsider this vitally important relationship.
