Non-U.S. mutual funds provide excellent choices for those looking to diversify their investment across a wide range of foreign countries, including emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove profitable and investors may find non-U.S. mutual funds more attractive than those with significant domestic exposure.

Below we share with you three top-ranked non-U.S. mutual funds. Each has earned a Zacks Mutual Fund Rank #1  (Strong Buy) and is expected to outperform peers. 

American Funds Europacific Growth Fund F1 (AEGFX - Free Report) seeks to drive capital over the long run. AEGFX invests the lion's share of its assets in common stocks of companies based in Europe and the Pacific Basin with potential for growth. The fund may also invest in common stocks and other securities issued by companies based in emerging markets. American Funds Europacific Growth Fund F1 has three-year annualized returns of 6.3%.

Jonathan Knowles has been one of the fund managers of AEGFX since 2006.

T. Rowe Price European Stock (PRESX - Free Report)  seeks appreciation of capital in the long run by investing in common stocks. This fund invests the lion’s share of its assets in companies from Europe. Normally, the fund is invested in companies of any capitalization from a minimum of five countries. T. Rowe Price European Stock has three-year annualized returns of 3.6%.

PRESX has an expense ratio of 0.96% compared with the category average of 1.39%.

Vanguard International Growth Investor (VWIGX - Free Report) invests predominantly in stocks of companies located outside the United States. These companies are expected to diversify assets in countries across developed and emerging markets. Vanguard International Growth Investor has three-year annualized returns of 12.2%.

As of September 2017, VWIGX held 133 issues with 5.45% of its assets invested in Tencent Holdings Ltd.