Peru’s exchange traded fund (ETF) got slammed in the markets last week. In just five days, iShares MSCI Peru (NYSEArca: EPU) lost 4.7%. Is it time to stick a fork in the Latin American country?

Peru’s central bank moved to limit speculative inflows and tamp down inflation last week, unexpectedly bumping up interest rates while raising reserve requirements for banks, says Bloomberg. A dip in copper prices didn’t do EPU any favors, either; copper is the country’s biggest export.

But long-term, Peru is on track to be one of Latin America’s fastest-growing countries:

iShares MSCI Peru (NYSEArca: EPU) may also benefit from an infrastructure boom, which has pushed Peruvian equities higher. The country is increasing projects as it compensates for deficiencies in housing, bridges and highways, giving the underlying commodities a boost as well.

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, 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.