If you have been looking for Global – Equity funds, a place to start could be Oppenheimer Global Opportunities Y (OGIYX – Free Report). OGIYX has a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.
Objective
Zacks categorizes OGIYX as Global – Equity, which is a segment packed with options. Global – Equity mutual funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. They also provide an investment technique that leverages the diverse nature of the global economy in the hopes of providing a stable return.
History of Fund/Manager
Oppenheimer is responsible for OGIYX, and the company is based out of Denver, CO. Since Oppenheimer Global Opportunities Y made its debut in February of 2001, OGIYX has garnered more than $1.63 billion in assets. The fund is currently managed by Frank V. Jennings who has been in charge of the fund since February of 2001.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund carries a 5-year annualized total return of 21.48%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 24.68%, which places it in the top third during this time-frame.
When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. OGIYX’s standard deviation over the past three years is 17.02% compared to the category average of 8.99%. The fund’s standard deviation over the past 5 years is 15.78% compared to the category average of 10.56%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should always remember the downsides to a potential investment, and this segment carries some risks one should be aware of. OGIYX lost 54.26% in the most recent bear market and underperformed comparable funds by 1.83%. This might suggest that the fund is a worse choice than its peers during a bear market.
