According to a new report, large metropolitan cities are leading the global economic recovery, and it is no surprise that emerging market metros are showing some of the fastest growth rates. Emerging market exchange traded funds (ETFs) can help you hone in on the best of the best.

The Brookings Metropolitan Policy Program and London School of Economics and Political Science stated that the pace of recovery among global metros varied, but there is a definite shift toward lower-income metros in Asia, Latin America and the Middle east, reports Besta Shankar for International Business Times.

Metros in emerging markets reported growth rates of 2.5% in employment and 5% in income for the first year of the global recovery as most developing countries in Asia and Latin America “were scarcely affected by the recession at all, or have posted a full recovery.”

Istanbul came out first in the 30 top-ranked metros that showed a strong recovery from 2009 to 2010, followed by Shenzhen, Lima and Singapore at second, third and fourth, respectively. [Emerging Market ETFs: Where the Money’s At.]

In contrast, 28 metros in Europe or the United States were ranked among the 30 metros with the weakest recoveries between 2009 to 2010. [Emerging Market ETFs: Lessons From Ireland.]

What this means for investors is simple: emerging markets may not always lead the recovery and the United States may not always be a laggard. But for now, emerging markets are white hot and the trend is there – you can’t fight it. [New Index Moves Past BRICs.]

For more information on the emerging markets, visit our emerging markets category.

There are a multitude of ways to get exposure to these markets in ETFs.

  • iShares MSCI Emerging Index Fund (NYSEArca: EEM), Vanguard Emerging Markets ETF (NYSEArca: VWO), WisdomTree Emerging Markets Equity (NYSEArca: DEM) and EGShares Emerging Markets Large-Cap (NYSEArca: EEG) are all broad emerging market funds that represent the countries making up the emerging market landscape. They’re all-purpose funds that simply give investors the widest possible exposure to emerging market equities.
  • iShares Latin America 40 (NYSEArca: ILF), Market Vectors Gulf States (NYSEArca: MES) and SPDR S&P Emerging Asia (NYSEArca: GMF) are more focused options that deliver exposure to specific regions. Since these funds represent among the fastest-growing ones cited in the report, they may be a good option if you favor one over another.
  • Additionally, there are a growing number of single-country options, including iShares MSCI Chile (NYSEArca: ECH), Global X China Industrials (NYSEArca: CHII) and Market Vectors Vietnam (NYSEArca: VNM).

Max Chen contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.