If you’ve been reading the newspapers or watching the news on TV, you probably haven’t missed the reports all but sticking a fork in emerging market exchange traded funds (ETFs). But is it really so dire?

Yes, investors have pulled a large amount of cash out of emerging markets in recent weeks.

Okay, sure…it’s also true that emerging market ETFs haven’t been performing all that great lately – at least, not when you consider how they’ve done in years past. [Emerging Markets ETFs: Time to Write Them Off.]

And inflation isn’t just a U.S. concern – emerging markets may have to contend with the rising cost of food sooner than later.

Is it really fair to proclaim, then, that emerging market ETFs are finito?