While market turbulence has arrived, the reality is that U.S. markets are still near all time highs and have been going straight up for almost six years.
If you listen to the smart folks at Jeremy Grantham (Trades, Portfolio)'s GMO, the place that offers the best value today is emerging market stocks, particularly small caps.
It makes sense then to listen to the small cap gurus at Royce Funds, especially David Nadel who is looking at emerging market opportunities:
