The Daily Screen: The Best Pacific/Asia Funds

And you thought Japan funds were the worst this year.

They're down 16.3% since Jan. 1, but that's peanuts compared with Pacific/Asia funds, the troubled fund dustbin the Daily Screen is picking through today, which are getting crushed to the tune of a 31% loss since Jan. 1. On average, they're down more than any other foreign or domestic fund category.

These funds tend to spread their money around Asia, including stocks in Japan, Korea, India, Hong Kong, China and Australia. Many of these markets have been a haven for tech and telecom companies, so they rode those sectors to a 93% average gain last year and fell with them this year. ...