The FTSE emerging markets equity index reached above its close on September 12, the eve of the Lehman debacle.

富时新兴市场股票指数超过了去年9月12日雷曼(Lehman)破产前夕的收盘价。

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The Vanguard FTSE Emerging Markets ETF (VWO) is undergoing a face-lift as it transitions from its MSCI emerging markets index to a FTSE emerging markets index.

FORBES: Emerging Market Flavors Taste Differently At Schwab, Vanguard, iShares

Look no further than the relative performance of VWO and the Schwab Emerging Markets Equity ETF (SCHE), the latter of which tracks a similar version of the FTSE Emerging Markets index.

FORBES: Emerging Market Flavors Taste Differently At Schwab, Vanguard, iShares

Dave Lutz, ETF strategist at brokerage firm Stifel Nicolaus, notes that the FTSE emerging markets index does not currently include South Korea while MSCI puts the country at 15.5% of the index.

FORBES: Fee Fighting the Vanguard Way