# Two Funds for Emerging Markets

> Two funds offer balanced emerging markets exposure without tech overhang.
- Title: Two Funds for Emerging Markets · MoneyWeek | Shortify
- Summary: Two funds offer balanced emerging markets exposure without tech overhang. Utilico Emerging Markets and Mobius Investment Trust provide diversified emerging…
- Keywords: utilico emerging markets, mobius investment trust, msci emerging markets, emerging markets, tech exposure, infrastructure funds, emerging markets funds, Two, Funds, Emerging, Markets, MoneyWeek
- Source: MoneyWeek — https://moneyweek.com/investments/emerging-markets/two-specialist-emerging-market-funds
- Published: 2026-10-09T08:49:13+00:00
- Read time: 1 min
- Topics: utilico emerging markets, mobius investment trust, msci emerging markets, emerging markets, tech exposure, infrastructure funds, emerging markets funds
## Emerging Markets Index Distorted
The MSCI Emerging Markets index is distorted by tech giants accounting for almost 30% of its value.
## Tech Dominance in Index
Taiwan and South Korea make up nearly half the index, with Asia totaling 80% and tech representing 44%.
## Strong Tech Returns
Tech stocks have returned 90%, 238% and 422% over the last year.
## Utilico Emerging Markets Fund
Utilico Emerging Markets invests in infrastructure, utilities and related assets with no tech exposure.
## Geographic Balance of UEM
Brazil is 22%, other Latin America 17%, and Eastern Europe (including Greece) 9.5% in the Utilico fund.
## Underweight China in UEM
UEM has only 9% exposure to China, mostly in Hong Kong, versus 20% in the MSCI index.
## China Regulatory Challenges
Co-manager Charles Jillings says China regulations can change overnight, making it difficult to invest.

> We find China very difficult, as regulations can change overnight
## Mobius Investment Trust
Mobius Investment Trust focuses on dynamic small and mid-sized companies with minimal overlap with the MSCI index.
## China Underweight in MMIT
Mobius has less than 3% exposure to China, resulting in 22% underperformance last year but 12% outperformance this year.
## Key takeaway

Utilico Emerging Markets and Mobius Investment Trust provide diversified emerging markets exposure with less tech focus than the MSCI index.