To help investor focus on these emerging areas of opportunity, investors may turn to country-specific ETFs to pick and choose their developing country exposures.

For example, the iShares China Large-Cap ETF (NYSEArca: FXI) and iShares MSCI China ETF (NasdaqGM: MCHI) are among the largest picks that provide broad exposure to the Chinese markets. The iShares MSCI China A ETF (BATS: CNYA) can help investors directly access mainland Chinese A-shares markets. In addition, the iShares MSCI China Small Cap Index Fund (NYSEArca: ECNS) focuses on the smaller segment of the Chinese equity market.

The iShares India 50 ETF (NasdaqGM: INDY) and the iShares MSCI India ETF (CBOE: INDA) are two big India ETFs that target larger Indian companies. ETF investors can also hone in on smaller Indian companies through the iShares MSCI India Small-Cap ETF (NYSEArca: SMIN).

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