State Street SPDR Bloomberg Emerging Markets USD Bond ETF

EMHC

Market cap $248M

At the same time developed markets have been generating policy and macro noise, emerging markets have been quietly outperforming. The inextricable relationship between the direction of U.S. monetary policy and emerging market risk assets remains powerful, but this time the rally is not just about the Fed.

As the world pulls in, emerging market bonds look like a once-in-a-generation opportunity. Here are the ETFs to buy.