For those of you who haven’t noticed, emerging markets have been on a tear. Since Jan. 31, the S&P 500 has gained a little more than 7%. However, the iShares MSCI Emerging Markets Index Fund and the Vanguard FTSE Emerging Markets ETF are each up almost double that — 12%. Those are two of the largest ETFs on the planet, with $84 billion in assets under management between the two of them. So when emerging market funds like these move, investors better start paying attention.
