In a year when emerging markets exchange traded funds are roaring back, some are going overlooked, including the Global X FTSE ASEAN 40 ETF (NYSEArca: ASEA). ASEA focuses on southeast Asian economies, including Singapore, Malaysia, Indonesia, Thailand and Philippines.

ASEA’s tilt toward Southeast Asian economies makes the ETF worth a look because some of those countries, including Indonesia, the region’s largest economy, are back to delivering impressive returns for investors.

SEE MORE: Emerging Market ETF Investments Were a Big Theme in August

Earlier this year, Indonesian markets bounced after parliament approved a tax amnesty that the government believes would draw in billions of dollars to finance a budget gap as the country invests to expand its infrastructure in a bid to stimulate economic growth, Bloomberg reports.

The central bank calculated that the tax program could draw 560 trillion rupiah, or $42.5 billion, back into the country, with almost 30% or  165 trillion rupiah, going to the government.

President Joko Widodo’s government is facing a widening budget deficit and is anticipating the tax amnesty to help bring finances back in to balance.

Bolstering the case for ASEA are improving GDP figures from some of the ETF’s member countries.

“Indonesian GDP picked up slightly in Q2 to 5.18%, the fastest in 2 1/2 years, helped by increased government spending. The Philippines recently recorded a Q2 GDP growth rate of 7% annualized despite the forecast GDP of just 6.0% for 2016. Vietnam growth also increased in the second quarter to reach 5.6% annualized. Thailand growth accelerated to 3.5% annualized, its strongest quarterly reading in three years. Thailand has been the laggard of ASEAN recently,” according to a Seeking Alpha analysis of ASEA.

Related: An Emerging Market ETF Shining Through

Malaysian stocks are also rebounding this year. Previously, Prime Minister Najib Razak came under scrutiny for $700 million in money transfers through government outlets and state-run firms bearing his name prompting Malaysia to betray is reputation as one of the lower beta emerging markets.

Najib has been cutting down on government subsidies to limit fiscal risks in an effort to steer the country toward high-income status and toward more domestic consumption. Consumption is now said account for over half of Malaysia’s gross domestic product.

“Many ASEAN governments such as Indonesia have benefited from lower oil prices, which has freed up monies for infrastructure spending. In the Philippines, the new president, Duterte, has announced a large increase in infrastructure spending to be 5% of GDP,” adds Seeking Alpha.

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

Global X FTSE ASEAN 40 ETF