Ben Slavin, global head of ETFs and managing director at BNY, said that while there have been notable inflows into Indian, European and Japanese ETFs, investors should account for the strength of the U.S. dollar.
"You have to look at the impact of the dollar on those returns, depending on whether you want to be hedged or unhedged because it's a very important driver of where things will go looking forward," Slavin told CNBC'sgives investors exposure to Japanese equities but does not account for fluctuations between the Japanese yen and the U.S. dollar. It's grown less than four percent this year.
"It's very important to make that decision about how to allocate, especially as it comes to your views on the dollar. And ETFs have those different options available for investors to allocate one way or the other," Slavin said. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly