Much has been said about the shortcomings of funds tracking China and Mexico, but the recent performance of the Guggenheim China Real Estate Fund (NYSEArca: TAO) and the iShares MSCI Mexico ETF (NYSEArca: EWW) could put naysayers to rest, according to an article on The Street.com.

Despite the China Shanghai Composite falling by 17 percent throughout the year and the stagnant performance of the well-known iShares China 25 Index Fund (NYSEArca: FXI), TAO has managed to gain 37 percent year-to-date and has reached a 52-week high, The Street says.

Also, Mexico may be facing a troubled real estate market and turmoil related to drug cartels, but close to 80 percent of the country’s exports enter the U.S. and are benefiting from the QE3. That, in turn, has helped EWW surpass its 200-day trend line and post gains above 20 percent in 2012, the article said.

Visit theStreet.com to read the full story.