Peru ETF Sharply Lower After Election
June 6th at 11:16am by John Spence
An exchange traded fund that invests in Peru was down 10% Monday morning in U.S. trading after Ollanta Humala emerged as the victor in a runoff election held over the weekend.
The $489 million iShares MSCI All Peru Capped Index Fund (NYSEArca: EPU) was off 12.8% year to date as of June 3, according to Morningstar, amid the political uncertainty in the country.
Peruvian stocks slipped last week as Keiko Fujimori’s lead versus Humala waned. Many investors do not trust Humala, a leftist former military officer who has struggled to shed ties to Hugo Chavez of Venezuela, Reuters reported.
iShares MSCI All Peru Capped Index Fund
The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.