There are a couple of ETF options available that specifically target emerging market corporate debt.

The actively managed WisdomTree Emerging Markets Corporate Bond Fund (NasdaqGS: EMCB), the largest ETF holding developing world corporates, has a 5.12% 30-day SEC yield. The SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (NYSEArca: EMCD) comes with a 4.44% 30-day SEC yield. Lastly, the iShares Emerging Markets Corporate Bond ETF (NYSEArca: CEMB) has a 4.45% 30-day SEC yield.

Year-to-date, EMCB is up 0.2%, EMCD has gain 1.4% and CEMB is 1.0% higher.

For more information on developing economies, visit our emerging markets category.

Max Chen contributed to this article.