Three Emerging Market ETFs on an Uptrend | ETF Trends

Emerging economies have gotten caught up in the Eurozone drama, but a few have managed to confirm an uptrend. The countries and focused exchange traded funds of Poland, Taiwan and South Korea have managed to gain investors interest and are on a turnaround.

For example, the iShares  MSCI Poland Investable Market Index (NYSEArca: EPOLyields 5.53% and is up about 18% the past three months. The fund is not heavily exposed to the financial  services sector and leans toward energy and materials. The economy of Poland is not overly reliant on exports. [ETF Spotlight: Single-Country Funds]

Poland is expected to post positive economic growth this year, possibly due to the fact that the economy can sustain itself domestically, reports The ETF Professor on Benzinga.

South Korea’s economy was able to rebound in early 2012, mostly in response to the Greek Bailout Package in March and positive economic data coming from the U.S. The iShares MSCI South Korea Fund (NYSEArca:EWYis below its 52-week high of $66.43 a share, reports Jonathon Yates for Emerging Money. When Chinese economic growth recovers, EWY will rebound with the rest of Asia. [EWY Lower After Failed North Korean Missile Launch]

EWY is up 12% for the trailing month.

“The broad market slump after March 2012 has pretty much wiped out gains from the first quarter. However, this also means that presently the markets are trading at an attractive valuation at current levels, indicating good entry points. Presently the markets look oversold and there could be subsequent and sharp market rallies,” Eric Dutram wrote for Zacks.