SPDR S&P Emerging Markets Small Cap ETF(AMEX:EWX)

EWX offers no-frills, market-cap-based exposure to emerging markets small-caps. The fund is widely diversified with roughly 800 holdings to its name. The fund excludes Korea, as S&P, the index provider, classifies Korea as a developed market. Still, the fund is a viable proxy for this specific market, especially if you believe that Korea belongs in the developed market category. EWX utilizes a sampling method, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is reconstituted annually.