Additionally, for the income-focused investor, EGShares EM Quality Dividend ETF (NYSEArca: HILO) provides a play on dividend-paying companies from developing markets. HILO recently changed its index from a low-volatility dividend index to the EGAI Emerging Markets Quality Dividend Index.

Potential emerging market ETF investors should be aware that since many of these related indices are market-cap-weighted, China makes up a hefty position in many emerging market indices. Additionally, the China weight could rise even further if benchmark index providers begin adding onshore Chinese A-shares in.

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

Max Chen contributed to this article.

CORRECTION: HILO underlying index and target strategy.

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