NEW YORK ( TheStreet) --Just because a fund is called an Eastern Europe ETF, doesn't mean it's an Eastern Europe ETF.
Last week, Hungary shook the region when politicians made negative comments about the country's debt situation. Investors looking to broad Eastern European ETFs may be looking in the wrong place if they wanted to see the impact and play a rebound.
Emerging market funds have performed poorly this year. For instance, global emerging market funds such as iShares MSCI Emerging Markets Index (EEM) and Vanguard Emerging Markets (VWO) have underperformed the S&P 500 in the past three months.
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