Additionally, investors can consider a broader international exposure, with the Vanguard Total International Stock ETF (NYSEArca: VXUS) and iShares Core MSCI Total International Stock ETF (NYSEArca: IXUS), which both include some emerging economies. [Returning to Emerging Markets ETFs]

VXUS follows the FTSE Global All Cap ex US Index of about 5,490 companies taken outside of the U.S. While the top country weights include developed markets like Japan 16.6%, U.K. 14.5% and Canada 6.9%, the ETF also includes a 13.5% tilt toward the emerging markets, with a good 5.3% position in China. The fund also has a cheap 0.14% expense ratio and a 2.72% 12-month yield.

Lastly, IXUS tracks the MSCI All-Country World ex USA Investable Market Index. Along with developed market exposure, the ETF also includes a 14.9% position in emerging markets, with a 5.9% tilt toward China, its largest developing country weight. IXUS has a 0.14% expense ratio and a 2.71% 12-month yield. [iShares Core ETFs Gain Institutional Fans]

For more information on the developed markets, visit our global ETFs category.

Max Chen contributed to this article.