Four Emerging Markets ETFs With Plenty Of Upside Potential

Emerging markets are back and back in a big way after regaining some solid footing during the month of March. Now many are within just a few percentage points of eclipsing their 2010 highs and there is even talk that some of the stalwarts of this asset class could return to their lofty 2007 peaks. Don't worry if you're feeling down about missing the March move in emerging markets ETFs because there are still plenty of options out there offer plenty of upside potential. Let's have a look at few of those ETFs here and now. 1) PowerShares DWA Emerging Markets Technical Leaders PIE: Yes, the PIE's chart indicates this ETF is in full rally mode, but PIE gets so little attention that we think it still offers some decent upside should emerging markets ETFs continue to flourish. With 111 holdings littered across Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey, PIE is one ETF the indecisive investor may want to have a look at. 2) Global X FTSE Colombia 20 ETF GXG: Hey, did you know that Colombia produced a record amount of oil in March and recently had its credit rating upgraded? Both are significant catalysts for GXG, an ETF that may have another $4-$5 in store if it breaks resistance at $42. A move to $46 gets us back to the 2010 peak and from there, good things can happen. 3) EGShares India Small Cap ETF SCIN: Another fund with appealing technicals, SCIN looks poised to take out its 200-day moving average around $21 and from there, its another $5 to the 2010 peak. India ETFs have rebounded nicely lately and SCIN is no exception. This is one country-specific small-cap ETF to keep an eye on for the rest of this year. 4) iShares MSCI Turkey Investable Market Index Fund TUR: TUR has shrugged off regional drama to notch a stellar 17% gain in the past month, but even with that big move, the chart indicates another 10% remains to reclaim the 2010 peak around $77. If that happens, watch for a move to $80 and beyond.