The world's cheapest stocks are located in its fastest-growing economies.

Many countries in Asia and Latin America are financially stronger than most developed nations.

+ Pimco Diversified Income Bets Big on Emerging Markets

Now is an excellent time to enter, or increase your stake in, emerging markets, and using ETFs is a great way to do so.

+ FUND WATCH: Emerging Markets on the Cheap

We scoured the globe for high-quality companies selling at fair prices. Here's what we found.

+ SLIDE SHOW: 8 Foreign Stocks with High Yields

Despite the risks lurking in this part of the world, Latin America offers excellent prospects for investors.

+ James Glassman's Emerging-Markets Picks

These countries comprise the world's top emerging markets, according to their stock market value. We also include each country's gross domestic product and national debt.

Consider these six stable U.S. and European companies that do a lot of business in developing countries.

Templeton Global Bond Fund gives investors exposure to up to 30 countries -- with good returns, too.

The managers of Wasatch Emerging Markets Small Cap fund find opportunities to benefit from the growing middle class abroad.

Comfortable with emerging-markets stocks? If so, you may be ready to boldly go where few investors have gone before.

Use our tool to choose the right fund for you based on type, performance criteria, and fee and management information.