In the fourth and final part of our series on small caps we look at smaller company funds with global horizons.These can be a good way of investing in small caps in markets where buying individual stocks might be a challenge, either because you are restricted from investing or because it is difficult to get sufficient information to make an informed decision.Some of these funds focus on...

The Global Smaller Companies Trust (GSCT) 166pMarket cap: £794.4 millionDespite the recent stock market dominance of mega-cap US tech companies, high-quality smaller caps have a longer term record of outperforming. With greater inherent growth potential than their large cap brethren, small caps tend to fare well in a falling interest rate environment and with borrowing costs on the way down...

SCOTTISH ORIENTAL SMALLER COMPANIES TRUST (SST) £13.50Market cap: £324 millionDespite some stand-out individual performances in 2023, emerging markets remain under-owned and undervalued with heavyweight country China firmly out of favour with investors.One savvy way to benefit from a revival in sentiment towards the region's corporate small fry is to buy Scottish Oriental Smaller Companies...