The iShares MSCI Emerging Markets ex China ETF (EMXC) is an emerging markets fund that excludes Chinese stocks. The fund's exclusion of China is beneficial as tensions between China and the U.S. have risen considerably. EMXC invests in about 720 large-cap and mid-cap stocks in emerging markets, excluding Chinese stocks. The fund's exposure to the information technology sector and geographical allocation to Taiwan and South Korea provides exposure to vibrant technology industries. EMXC has delivered a total return of 35.2% and price return of 15.5% since its inception in 2017. EMXC's exclusion of China is favorable in the upcoming decade as China's economy is facing uncertainties such as a housing bubble burst and a declining population. EMXC's exposure to Taiwan and South Korea, which have vibrant technology industries, is beneficial. Many emerging markets will benefit from ongoing global supply chain readjustment due to tensions between China and the U.S. However, investors should consider geopolitical risks, particularly the risk of an invasion of Taiwan. EMXC has a lower expense ratio compared to the iShares MSCI Emerging Markets ETF (EEM). Overall, EMXC is a better fund to own than EEM.