(Bloomberg) -- Take China and technology, put them together, and what do you have? One of the best performing ETFs in the world.

The tiny $48 million Emerging Markets Internet and E-commerce ETF (EMQQ) is up 32% this year, putting it among the 30 top returning equity ETFs worldwide. The fund is just a fraction of BlackRock's $30 billion developing market fund (EEM). But its performance is anything but diminutive.

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