The MSCI Beyond BRIC Index was comprised of 505 securities domiciled in 17 different countries including South Korea, South Africa, Taiwan and Mexico at the end of October, according to State Street.

While South Korea and Taiwan are easily accessible in scores of other emerging markets ETFs, the pair is nevertheless attractive because they are viewed as less volatile relative to other developing economies. Importantly, South Korea sports a current account surplus in an environment where global investors prize that trait. [Hope for Downtrodden Indonesia ETFs]

EMBB caps country exposures at 15% each quarter and carries an annual fee of 0.55%. Boston-based State Street had $360 billion in global ETF assets at the end of the third quarter.

ETF Trends editorial team contributed to this post.