iShares is also working on introducing its own version of the Peruvian ETF, and it’s been a race to the finish line.

Peru’s Lima General Index climbed 95% this year as speculation on commodity prices will continue to fuel global growth. Among 92 world benchmarks tracked by Bloomberg, the Lima General Index advanced the most.

The Lima index includes 36 stocks, 21 of which are resource companies. Peru is the world’s third largest producer of copper, zinc and tin. The country is also the fifth biggest miner of gold and the biggest miner of silver.

Max Chen contributed to this article.