“In July, the International Monetary Fund forecast 4.1% GDP growth for emerging market and developing economies in 2016, with that accelerating to 4.6% in 2017. For advanced economies, growth is seen at 1.7% for both years,” reports MarketWatch.

The EGShares Emerging Markets Domestic Demand ETF (NYSEArca: EMDD), iShares MSCI Emerging Markets Consumer Discretionary ETF (NYSEArca: EMDI) and WisdomTree Emerging Markets Consumer Growth Fund (NasdaqGS: EMCG) also provide broad exposure to emerging market consumer sectors.

The Emerging Markets Internet & Ecommerce ETF (NYSEArca: EMQQ) focuses on internet names, notably those that cater toward online shopping or e-commerce.

SEE MORE: Targeted Emerging Markets ETFs

“Because the consumer ETFs are in large part a demographic play, investors are betting that their vulnerability to political uncertainty and currency risk is limited,” adds MarketWatch. “That said, emerging market consumers are vulnerable to economic downturns that could severely impinge upon spending, potentially hurting the performance of these newfound consumer ETFs.”

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