For instance, the iShares J.P. Morgan USD Emerging Markets Bond ETF (NYSEArca: EMB) has a 4.70% 30-day SEC yield and iShares Emerging Markets Local Currency Bond ETF (NYSEArca: LEMB) shows a 5.54% 30-day SEC yield.

Related: 14 Hedged Bond ETFs for a Rising Rate Environment

Despite concerns over the Fed, BlackRock pointed out that EM debt remained resilient in the wake of the June rate hike, and the overall rate environment remains benign.

The improving trade balances and capital positioning further supported emerging market countries, which made them less vulnerable to U.s. rate shocks than in previous periods.

Furthermore, potential investors should keep in mind the diversification qualities of emerging market bonds as EM debt provides benefits to traditional Treasuries exposure and even emerging market equities, which heavily lean toward China and other Asian emerging countries.

For more information on the fixed-income space, visit our bond ETFs category.