Sept. 28, 2013, 7:42 a.m. EDT 

By Brett Arends： （reference: Market Watch）

The herd’s infatuation with emerging markets has soured. Time to buy

Two years ago Wall Street couldn’t get enough of emerging markets. Countries like Brazil, Russia, India and China had the growth, said the Usual Suspects. Their economies were booming, while boring old America went nowhere, disastrous Europe imploded, and “don’t even talk to me about Japan.” 

The fad was everywhere. A money manager in London told me his clients only wanted to hear about emerging markets. I sat at the bar of the News Café in Miami Beach in the summer of 2011 and listened while some guy in a t-shirt, who had nothing to do with finance at all, told me that people needed to invest everything they could in places like China.

Those minded to go against the crowd and looking for a low-cost option can always try the iShares MSCI Emerging Markets Index fund /quotes/zigman/322623/quotes/nls/eem EEM -1.16% , with a 0.69% percent cost ratio. The biggest problem: That fund is heavily weighted towards a few global multinationals, such as South Korea’s Samsung, which just happen to be based in “emerging” markets but aren’t really that dependent on their economies. Other options include the SPDR S&P Emerging Markets Dividend /quotes/zigman/4149064/quotes/nls/ediv EDIV -0.71% and Small Cap /quotes/zigman/511992/quotes/nls/ewx EWX -1.08% funds. As always, you pays your money, you takes your chances. 

华尔街的期望忽高沽低。 两年前， 华尔街玩够了新兴市场， 俄罗斯，印度和中国被排斥。 但他们的成长在飞速， 有些悲惨的欧洲人都不乐意谈日不。 但我欣赏一个男人在酒吧告诉我的：“人们应该投资任何中国的项目！” 投资者自己的钱， 您有选择权。看看奈尔股价在低估的项目， 看看他们的成本率， 中小公司的成长性或许是最该考虑的市场。

Mary Xing
Managing Partner
86-135-100-16379
Mary20116688@163.com