In a scenario wherein the major central banks are choosing intensive economic stimulus measures and the U.S. benchmarks are rebounding strongly, investing in global mutual funds may provide an excellent opportunity to diversify one’s portfolio. While the U.S. economy has shown some signs of improvement and the key interest rate are expected to remain low for a longer period of time, the central banks of Eurozone, China and Japan opted for economic stimulus measures such as multiple rate cuts, negative interest rates and monetary easing to boost their respective economies.

These countries are thus lucrative investment propositions for now. Thus a portfolio having exposure to both domestic and foreign securities will help in reducing risk and enhancing returns. Also, if selected carefully, global mutual funds have the potential to offer secure and attractive investment opportunities.

Below we share with you four top-rated global mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all global mutual funds, investors can click here to see the complete list of global funds .

Dreyfus Global Equity Income A (DEQAX – MF report) invests the lion’s share of its assets in equity securities of companies located in the developed nations including the U.S., Japan and Western Europe. DEQAX invests primarily in stocks of companies that are expected to pay dividend. The fund may also invest in securities issued in emerging countries. DEQAX allocates its assets in a minimum of three countries. Dreyfus Global Equity Income A returned 4.6% over the past four weeks.

As of Jan 2016, DEQAX held 55 issues with 5.52% of its assets invested in Philip Morris International Inc.

Eaton Vance Tax-Managed Global Dividend Income A (EADIX – MF report) seeks total return after deduction of taxes. EADIX generally invests in dividend-paying securities of companies throughout the globe. The fund invests the majority of its assets in common and preferred stocks. Eaton Vance Tax-Managed Global Dividend Income A returned 5.8% over the past four weeks.