Meanwhile, bets against the developed markets as reflected by the iShares MSCI EAFE (NYSEArca: EFA) increased by 12.8%.
The renewed sentiment can be seen in the fund flows from July, too: $1.5 billion poured into iShares MSCI Emerging Markets (NYSEArca: EEM), while Vanguard Emerging Markets (NYSEArca: VWO) raked in a cool $2 billion.
For more information on emerging markets, visit our emerging markets category.
Max Chen contributed to this article.