Are Emerging-Market ETFs Oversold?

Collapsing commodity prices and a higher U.S. dollar have taken a toll on many emerging markets around the world. Since many of these nations rely on commodity exports to fuel gross domestic product (GDP) growth, downward pressure on commodity prices has led to pressure on earnings for many equities in those countries. The higher U.S. dollar has also made it more expensive for these companies and countries to pay off dollar-denominated debt.