The Market Vectors Brazil Small-Cap ETF (NYSEArca: BRF) is up just 7% this year while the Guggenheim China Small Cap Index ETF (NYSEArca: HAO) has traded lower.

Speaking of China, stocks in the world’s second-largest economy deserve some credit for rallying in recent weeks. Since the start of the second quarter, the iShares China Large-Cap ETF (NYSEArca: FXI) is up almost 6%.

Problem is, investors have not really seemed to care. A year after it was one of the 10 worst ETFs in terms of lost assets, FXI has lost almost $540 million just in the quarter. That compares to $476 million gained by EPI. [Unloved Rally for China ETFs]

In just the past month, PIN, the PowerShares India fund, has hauled in almost $51 million, or roughly 10% of its current assets under management, according to issuer data.

WisdomTree India Earnings Fund