The weaker dollar has been helping emerging markets assets this year and many bond traders believe the Federal Reserve will not raise interest rates next month and it is possible the Fed will not do so again this year.

Related: How ETF Traders Are Repositioning After August Selling

Although emerging markets exchange traded funds are among this year’s most prolific asset gatherers in the U.S., some market observers argue that emerging markets equities are under-owned by big investors and that the asset class has more room to rally.

“We are seeing returns on equity in EM once again at a premium relative to developed markets. And I think that is a very unique opportunity because EM is still at a hefty discount relative to developed markets,” said Rohit Chopra, portfolio manager at Lazard Asset Management, in an interview with Bloomberg.

For more information on the ETF market, visit our ETF performance reports category.

Tom Lydon’s clients own shares of VWO.