Emerging-Market ETFs: The Good and the Bad

I have never been a fan of iShares MSCI EAFE Index Fund(EFA) as a way to create foreign exposure. The attributes of the underlying countries get blended away, which reduces a meaningful portion of the benefit of foreign investing.

For people inclined to use ETFs for their foreign allocation, I think single-country or regional funds are a much better way to go.

iShares has dominated this space in the ETF world and recently listed three new single-country funds:

MSCI Israel Capped Investable Market Index(EIS)

MSCI Thailand Investable Market Index(THD)

MSCI Turkey Investable Market Index(TUR)

The funds merely provide proxies for their respective markets. Each one has pluses and minuses in their composition. ...