Emerging market stocks have been on a roll in the past 3 months and investors seeking to increase their exposure to developing countries should consider the iShares Core MSCI Emerging Markets ETF (IEMG), says Todd Rosenbluth, Director of ETF & Mutual Fund Research at S&P Capital IQ. He says the IEMG offers more local exposure because it includes more small and mid-cap stocks than the more traditional EEM. Rosenbluth also likes the Vanguard FTSE EM ETF (VWO) because of its low expense ratio, yet warns that it does not include Korean stocks because FTSE considers it a developed market. Finally, he is a fan of the PowerShares Emerging Markets Low Volatility ETF (EELV) due to its high level of risk management.

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