The Pacific Basin countries constitute one of the world's most diverse and economically vibrant regions. Among its inherent strengths are considerable technological capabilities and a growing pool of savings. Prominent centers of production and fast growing potential markets in this part of the world also ensure that it is an exciting investment destination. With a high degree of diversification between developed and developing markets, mutual funds from this sector present a healthy mix of growth opportunities and safety for capital invested.

Below we will share with you 3 potential Pacific mutual funds. Each has earned either a Zacks #1 Rank (Strong Buy) or a Zacks #2 Rank (Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Pacific funds, investors can click here to see the complete list of funds.

Fidelity Emerging Asia (FSEAX – MF report) seeks capital growth. The fund invests a lion's share of its assets in companies from emerging economies in Asia. The fund may also invest in other securities that are related to emerging markets of Asian countries. It focuses on acquiring common stocks of companies depending on factors such as economic conditions and financial strength. The pacific mutual fund has a three year annualized return of 9.9%.

Colin Chickles is the fund manager and has managed this fund since 2009.

Wells Fargo Advantage Asia Pacific Investor (SASPX – MF report) invests major portion of its assets in equities of issuers belonging to Asia Pacific Basin. The fund invests in those companies that are believed to have impressive growth potential, strong financial strength and efficient management. It may also invest in other derivatives which include participation notes. The pacific mutual fund has a three year annualized return of 13.3%.

As of November 2014, this fund held 128 issues with 2.42% of its total assets invested in Bank Of China Ltd. H Shares.