Russia Tops Bloomberg's Most Popular Emerging Market Pick For 2017

Investors looking for exposure to emerging markets have plenty of options to chose from, but there are a few clear favorites among investors for 2017.

Investing in Russia could prove to be a top play for investors that borrow in currencies with a low interest and rate and buy currencies that yield a high interest rate.

Bloomberg cited a report from UBS Group who said that buying the Russian ruble could potentially net a 26 percent return over the next year, which is the highest of any developing EMEA country.

Here are some other emerging market trades which various experts told Bloomberg.

• South African stocks and bonds could gain as the country's President Jacob Zuma's power is waning.
• The Mexican peso is the cheapest among developing Latin American countries and could gain from its hawkish central bank and the possibility of the Trump administration being less protectionist than expected.
• Brazil-based Petroleo Brasileiro SA Petrobras (ADR) PBR's bonds are still cheap.
• Chile's stock market could see a boost from rising copper prices and more business-friendly policies being implemented in the 2017 presidential election.
• Interest rate cuts in India is seen as a catalyst for the Indian bond market.
• Indonesia's largest companies which make up the local stock benchmark are mostly mining companies that will benefit if coal and nickel prices continue rising in 2017.