Additionally, investors can take a look at the SPDR MSCI EM Beyond BRIC ETF (NYSEArca: EMBB). EMBB follow the MSCI EM Beyond BRIC Index, which is comprised of stocks from the MSCI Emerging Markets Index, excluding components from the MSCI BRIC Index. EMBB has a 0.55% expense ratio. [Leave the BRIC, Take This ETF]

Consequently, EMBB country weights include South Africa 15.4%, Taiwan 15.4%, South Korea 14.5%, Mexico 12.4%, Malaysia 9.4%, Indonesia 6.6%, Thailand 5.2%, Turkey 4.3%, Poland 3.9% and Chile 3.7%.

Since EMBB tracks an MSCI index, the State Street offering includes large exposure to Taiwan and South Korea. In contrast, the FTSE index-based BBRC does not rank South Korea as an emerging market and excludes Taiwan entirely. Additionally, EMBB only includes emerging market countries.

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

Max Chen contributed to this article.

Full disclosure: Tom Lydon’s clients own shares of EEM.