Jim had 10 stocks pick from the emerging market. However, be cautious, Jim warned that emerging market is quite volatile. There is always another entry point if you miss the boat now. Here is his 10 stocks pick:

• iShares FTSE/Xinhua China 25 ETF (NYSE:FXI)
• Ctrip.com (NASDAQ:CTRP)
• China South Locomotive & Rolling Stock (PINK:CSRGY)
• Market Vectors Brazil Small-cap ETF (NYSE:BRF)
• AmBev (NYSE:ABV)
• Vale (NASDAQ:VALE)
• HDFC Bank (NYSE:HDB)
• Central European Distribution (NASDAQ:CEDC)
• Lan Airlines (NYSE:LFL)
• Standard Chartered Bank (PINK:SCBFF)

15% US Index

• PowerShares QQQ Trust, Series 1 ETF (NASDAQ:QQQQ)
• BlackRock Enhanced Capital and Income Fund (NYSE:CII)

15% Canadian Index

• CIBC Canadian Index (CIB300)

15% Emerging Market Index

• Claymore Canadian BRIC ETF (TSE:CBQ)
• Market Vectors Brazil Small Cap ETF (NYSE:BRF)
• Claymore/AlphaShares China Small Cap ETF (NYSE:HAO)

30% Fixed Income

• TD Canadian Bond Index (TDB966)
• iShares iBoxx High Yield Corporate Bonds ETF (NYSE:HYG)
• PowerShares Financial Preferred Portfolio ETF (NYSE:PGF)

5% REIT

• Vanguard REIT ETF (NYSE:VNQ)
• iShares Canadian S&P/TSX Capped REIT ETF (TSE:XRE)

Notes

• For the US index, we basically invest in Nasdaq-100 and S&P 500. We use a closed-end funds (CII) for S&P 500 because of its dividend. Check also our posting here for a couple of different closed-end funds that replicates S&P 500.
• Although Canada represents only 2% of the world GDP, we maintain a pretty high percentage of Canadian index. Why? It’s just because we live in Canada. Our “native” currency is Canadian dollar.
• We know that CIBC Canadian Index might not be the best mutual funds. However, we have to keep it this way until end of next year.