The survey indicates some investors are overweight Argentina and Mexico, which have been among this year’s most controversial and downtrodden developing economies in terms of equity market performance.

While the majority of investors might be driven away by the red prices in emerging markets, some market observers believe they should be looked at as substantial markdowns, especially if trade negotiations between the U.S. and China result into something materially positive–that’s what emerging markets bettors are essentially banking on.

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