The Daily Screen: The Best Global Funds

No matter where you've invested this year, it has paid to think small -- small-cap, that is.

That's been the story in the global or world fund category, the focus of today's Daily Screen. These funds invest in both U.S. and foreign stocks, and it's been a tough year all around. The S&P 500 and every single foreign stock fund category is under water, according to Morningstar. So, it's no surprise that the average global fund is down more than 8% since Jan. 1.

Over the last year global funds have used their foreign exposure to their advantage, beating the S&P 500, but over the longer term the money they've sent overseas has held them back. Global funds trail the S&P 500 by a wide margin over the last five- and 10-year periods. ...