These two ETF's are worthy of your consideration. Like you I ejected from IFN because of the premium and will wait for a India ETF that should not be too long in the waiting IMHO.
I bought EWY a few days ago and was about to place an order for VWO this morning but it was already substantially up. Look at its portfolio it has a lot of Chinese shit in it, coated with sweet and sour sauce.
For energy beside PSPFX I would suggest Lib to purchase TRU that pays a solid and reliable 9% divvy that will compensate for any drop in oil prices.
I'm in total agreement with BioSpec that oil will go below $35 in the not too distant future, in fact the price of oil lags the price of NFI by a few months if you haven't already noticed.
And don't dispel the NFI-C 10% divvy as the preferred may very well go up 10% for a 20% total return. The laggard will not provide such a return IMHO.
I'm planning to start getting VWO tomorrow regardless of the price, as well as additional TRU on weakness.