This is part one of a two-part series on BRIC alternatives.
NEW YORK (TheStreet) -- For many ETF investors, the term "emerging market" brings to mind BRIC funds like iShares MSCI BRIC (BKF), Claymore/BNY BRIC (EEB) and SPDR S&P BRIC 40 (BIK).
While the BRIC combination of Brazil, Russia, India and China has long been the gold standard of emerging-market investing, other contenders are beginning to enter the field.
Single-country ETFs are allowing investors new access to emerging economies around the globe. In addition to still-strong Russia, Vietnam, Thailand, Turkey and South Korea also provide growth opportunities for the risk-tolerant investor.
Market Vectors RussiaThis fund is Russia, by itself. Investors should see this country, and this fund, as an energy play. While OPEC nations battle about production cuts, Russia surpassed Saudi Arabia in crude oil production during the second quarter of 2009. During this period, daily exports from Russia grew to 7.4 million barrels while Saudi shipments fell by 7 million per day. RSX is a good play for investors who want to take advantage of Russia's oil opportunities. RSX comprisies publicly traded companies that are domiciled in Russia and traded in Russia and/or on leading global exchanges. The largest sector represented in the fund's portfolio is oil and gas, with a 42.6% allocation. Year to date, RSX is up more than 92%. As Russia battles the corruption that has plagued its economy, this fund may have even more room to run.
Market Vectors VietnamVietnam may have the potential to be the next China, and the global supply chain is already several years into a shift from China to Vietnam. As China's economy continues to grow, Vietnam has stepped in as the new destination for the type of low-cost manufacturing that helped to make China so successful. (See Vietnam ETF: Way to Play Booming Nation.)
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV