The Vanguard FTSE Emerging Markets ETF wants to replicate the performance of a benchmark index that measures the investment return on equities issued by firms in emerging market nations. The fund invests in equities of firms based in emerging economies such as China, Brazil, Taiwan, and South Africa. The goal is to closely match the FTSE Emerging Markets All Cap China A Inclusion Index's performance. It has a great development potential but also a significant risk; share value may fluctuate more than stock funds that invest in industrialized countries, like the United States.;