Two specialist funds to balance emerging markets exposure

The MSCI Emerging Markets index has become distorted. Three tech heavyweights – Taiwan Semiconductor, Samsung Electronics and SK Hynix – now account for almost 30%. As a result, Taiwan and South Korea make up nearly half the index, and Asia totals 80%, while tech is 44%.Returns have been strong lately, driven by the tech names – up 90%, 238% and 422% respectively in the last year. Still, this is not what investors think they are getting when they buy into emerging markets.How t