Here are some funds that offer diversified exposure to the emerging markets in Europe, Asia, Africa/Middle East, and Latin America. These are taken from the latest BusinessWeek, Dec 28th edition. Sorted by 2009 Total Return 98% Europe, 1% Asia, 1% Latin America 70% Africa/Middle East, 30% Europe 100% Africa/Middle East 51% Latin America, 26% Africa/Middle East, 17% Europe, 6% Asia 50% Africa/Middle East, 25% Asia, 22% Europe, 3% Latin America