Given the market's high volatility of late, it may be an ideal time for small-cap investors to consider the Royce Global Value Fund (MUTF:RIVFX) — a small-cap fund with a focus on global opportunities within the framework of value-oriented investing.

Royce Global is the latest featured recommendation from Mark Salzinger in his No-Load Fund Investor newsletter.

"We continually search for new funds from experienced, successful managers. Such funds benefit from superior guidance and flexibility, and thus have a better than average chance of besting their peers." According to Salzinger, Royce Global Value is "one such fund."

Formerly known as Royce International Value from its late 2006 inception until early 2008, Royce Global has about $30 million in assets.

"The small-cap value approach [in Royce Global] attracts us greatly in this case, simply because it is so rare for an international or global fund," says Salzinger, pointing out that most international stock funds are oriented toward large caps. Further, of the small-cap international funds that do exist, most gravitate toward growth stocks.

"Despite the U.S. fund industry's apparent lock of interest in foreign small-cap value stocks, the style offers considerable potential for above-average returns over the long run," he says, noting that despite cyclical downturns, small-cap value in the United States has produced superior returns versus other investment styles over . . .

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