S&P also highlights the popular Vanguard Emerging Markets Stock Index (VEIEX). Since it's a passively-managed fund that only seeks to track an index and doesn't rely on active stock-pickers, its annual fees are a low 0.4 percent and its annual turnover rate is about 12 percent. The fund tracks the MSCI Emerging Markets Index and invests in more than 800 stocks. Nearly 20 percent of the fund's total assets are in Chinese companies, followed by Brazil (15.8 percent) and Korea (13.4 percent). The fund has returned almost 11 percent, on average, over the last 10 years.