2 Emerging Market ETFs Weather Disasters

(TheStreet) -- Many investors have had their sights focused on the ongoing economic and political sagas facing developed regions like the European Union. However, in other parts of the globe, Mother Nature has been playing a major role in driving sentiment. For months, Thailand has been working diligently to defend itself from rising waters brought on by heavy monsoon rains. According to a Bloomberg report, the flooding is the worst the nation has witnessed in 70 years. At the start of this week, Thai Prime Minister Yingluck Shinawatra attempted to ease concerns, insisting that most of Bangkok will be untouched by the flooding. Despite this reassurance, the nation's central bank has still cut Thailand's 2011 economic growth forecasts.

.