Over the past month, this fund has outperformed broader China ETFs such as iShares FTSE/Xinhua China 25 Index Fund ( FXI).

Claymore/Robb Report Global Luxury Index ETF ( ROB)

Throughout the global economic recovery, investors have made several bets on the comeback of the consumer and the retail industry. However, performance in retail has been spotty and retail shares have been punished during sell-offs. Although I typically point to SPDR S&P Retail ETF ( XRT) as an adequately liquid way to play the global consumer, another exciting fund I have kept an eye on has been ROB.

Luxury retail picked up much quicker than mass consumer markets and this pace has quickened. The luxury retail industry has dramatically beaten out the broader index underlying XRT in the past three months, to the tune of nearly 25%.

Boasting exposure to companies including Hermes International, BMW, LVMH, and The Swatch Group, this fund taps into the spending habits of the top 1%.

Despite the continued outperformance, the average volume is about 4,000 shares per day and on three days in July, zero shares changed hands.

Claymore/BNY Mellon Frontier Markets ETF ( FRN)

While the U.S., EU and BRIC nations remain popular global regions for conservative investors, risk tolerant players may find the frontier markets more to their liking. These nations typically have less correlation to the rest of the global economy.

FRN is designed to track a basket of companies hailing from up and coming nations often overlooked by traditional international exchange traded funds.

While three markets that have their own single country ETFs represent nearly 60% of assets (Chile, Egypt, and Colombia) it also sports exposure to countries such as Peru, Kazakhstan, Lebanon and the Czech Republic. Year to date, FRN is beating EEM by about 15%.

The fund now has ample liquidity, at over 70,000 shares per day, but still only $30 million in assets.

Market Vectors Environmental Services ETF ( EVX)

BP has made a lot of progress in its efforts to halt the flow of oil pouring out of the site of the Deepwater Horizon Oil rig. Stopping the oil, however, is only one step towards returning the region back to its original state. Truly closing the book on this unfortunate event will require cleaning up the residual mess left behind.

There is a good chance that some of the companies listed among EVX's portfolio will be the ones responsible for completing this daunting task.

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