Although far smaller than its stablemate, the iShares China Large-Cap ETF (NYSEArca: FXI), MCHI is home to more than five times as many stocks. That deeper bench coupled with noticeably reduced financial services exposure has helped MCHI offer nearly double the returns of FXI over the past three years. [Proper Application of China ETFs]

Glovista also holds a position in the Market Vectors Vietnam ETF (NYSArca: VNM).

Vietnam, which is classified as a frontier market, “can benefit from a young, highly educated population to support outsourcing needs of global technology companies such as Samsung,” S&P Capital IQ notes, citing Darshan Bhatt, managing partner with Glovista.

“Further Bhatt believes that despite limited liquidity, the country’s equity market trades at an appealing valuation as tensions with China have created an opportunity,” according to the research firm.

VNM, the lone Vietnam ETF, is up 13.6% this year. The ETF has been buoyed by favorable valuations and the hope of increased foreign ownership limits. Earlier this year, Vietnamese policymakers and the central bank revealed plans to lift foreign ownership limits across several sectors financial services and materials. Those sectors combine for 40.6% of VNM’s weight. [Vietnam Eyes EM Status]

iShares MSCI China ETF

Tom Lydon’s clients own shares of EEM.