The first half of the year has seen a turnaround in the fortunes of many global assets, as fears of a global trade war and concerns over the political future of the Eurozone dominated the news pages and affected sentiment for European assets.
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Investors have flocked to Saudi Arabia following market-friendly reforms and the announcement that the Kingdom will be promoted to emerging market status next year.
Brazilian ETFs have suffered significant falls over the past week as politics, recent labour strikes and lacklustre economic growth have combined to force investors to take a cautious stance.
Investors have yanked cash from emerging market ETFs ahead of central bank decisions, although the region has seen a little relief around the Trump-Kim summit.
Emerging market corporate bonds have seen a performance boost over the last month following a sell-off in other developing economy assets.
A strengthening US dollar has contributed to a reversal of fortunes for emerging market equity ETFs after a strong run, with Turkey and Latin America among those hit the hardest by the recent sell-off.