There is no doubt that emerging economies have kept growth alive for the US in the past three years. With 45% of S&P profits coming from abroad, the global economy is a daily reality for many successful US companies including Caterpillar, Eaton, Cummins, Boeing, McDonalds, Starbucks, Microsoft, and Apple.

I have been looking lately at various ways to get exposure to high single-digit and double-digit growth rates in emerging markets. The sell-offs in Brazil and India are especially attractive. And yesterday I saw Blackstone strategist Byron Wien on Bloomberg offer these 3 investment stats on EM:

1) Emerging Economies represent 37% of global GDP.

2) But they are 75% of the growth.

3) And most institutions only allocate 10% of investment capital to EM equities.

My rough sense of the situation is that we have over 2 billion people likely aspiring to the lifestyles of the West. And their governments must do everything to support development and commerce that will allowthem to have their wishes.

How are you allocating to this powerful growth trend that does not appear like it will let up for decades?

Do you invest directly in BIICS companies (drop Russia, add South Africa and maybe Indonesia)?

Do you buy select country ETFs like those for South Korea ( EWY - ETF report ) or India ( EPI - ETF report ) ?

Do you stick with US multinationals like those named above?