Motley Fool CAPS aggregates outperform/underperform predictions from more than 165,000 investors on more than 5,400 securities. In all, there are 4.6 million current, forward-looking CAPS calls.

I asked our CAPS team to give me the 10 exchange-traded funds with the highest overall CAPS community-sentiment rating. Here's the list of 10, in rank order:

  1. Vanguard Mid-Cap Growth (NYSE: VOT)
  2. Latin America Equity (NYSE: LAQ)
  3. SPDR Dow Jones Wilshire Small Cap Value (NYSE: DSV)
  4. iShares Dow Jones U.S. Health Care (NYSE: IHF)
  5. iShares S&P GSTI Software Index (NYSE: IGV)
  6. Market Vectors Poland (NYSE: PLND)
  7. First Trust Nasdaq Clean Edge U.S. (Nasdaq: QCLN)
  8. iShares Dow Jones U.S. Technology (NYSE: IYW)
  9. Korea Equity Fund (NYSE: KEF)
  10. Brazil Infrastructure (NYSE: BRXX)

Superlatives are nice, but bullish community sentiment is not reason enough to buy a security. However, you can use this information in one key way.

Use it for ideas
The CAPS community is bullish on the growth story in emerging markets. Three of the top 10 highest-rated ETFs focus on those country markets (Brazil, Poland, and Latin America). Three more are focused on technology, including the First Trust Nasdaq clean tech index tracker. And finally, the community writ large is most bullish on mid-cap growth companies.

Is your portfolio tilted toward any of these sectors/countries? Should it be?

If the answers to those questions are "no" and "yes," then what's above can serve as a list of community-vetted ETFs with which you can begin your research. (Remember to keep ETF expenses as low as possible and to read the fine print regarding how each index is constructed.)

Happy investing!

Brian Richards is online managing editor of The Motley Fool. Brian owns a couple of ETFs, but none are mentioned in this story. The Fool has a disclosure policy.