The Federal Reserve announcement last Wednesday not to raise interest rates suppressed the rise of the dollar against the major world currencies. The Fed continued the usual hinting of a possible rate hike a few months down the road, perhaps in September, but no one knows what might unfold in the markets, and whether or not any rate changes will come our way this year.

A decrease in dollar value doesn’t sound like a good thing because it means our currency is less valued in the international market and you can buy less with it. On the other hand, a weaker U.S. dollar is good for other countries that wish to import from the U.S.: It means they could buy more U.S. goods and services for a little less.

A decrease in dollar value enticing exports and bringing cash into the U.S. will help our balance of trade and help improve our manufacturing base by reducing the effective cost of production, so it actually helps the U.S. in a way.

A more affordable foreign currency is a good sign to many, making trade and travel more affordable and boosting economies from tourism and investment influx.

With that in mind, let’s take a look at some emerging markets ETFs and their performance in the wake of the Fed announcement and dollar’s reaction to it.

The overall picture indicates most of these funds are doing well in terms of returns. Although most of the investments on the list have a positive short term performance with gains in 2016, they are all rated either a HOLD or a SELL. There’s a certain level of risk involved in every investment and it is always reflected in our investment ratings. Each investor has a different risk tolerance and some riskier, more rewarding funds may be an option for them, or maybe not.