Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO)
YTD: Down 9%
Decline From Pre-Crisis High: 39%
Comment: VWO, the largest emerging markets ETF by assets, is one of many emerging markets funds that could reside on this list. A 39% move in the near-term is not likely, but if VWO can clear $42, then $44, the fund could deliver some nice upside in the coming months. That upside will have to accrued without exposure to South Korea, because FTSE, the index provider for VWO, does not classify Asia’s fourth-largest economy as an emerging market.