That makes investing in a global exchange-traded fund (ETF) or even one that is focused on all emerging markets a bit more undesirable than it otherwise would be.
The top holding in the fund is Taiwan Semiconductor Manufacturing (NYSE:TSM) at roughly 10%. Samsung Electronics makes up 6%. But beyond that, no other investment accounts for more than 2% of the ETF's weight – it has more than 600 holdings as of Aug. 19. And the stocks aren't excessively priced, as the fund averages a price-to-earnings multiple of 21. With a net expense ratio of just 0.25%, management fees aren't going to take away from much of your returns in this fund. In the past year, the ETF's total returns have totaled 29% -- just slightly below the S&P 500, which increased in value by 32%.