Furthermore, Chile is stable, has solid regulations and low levels of corruption coupled with a particularly strong banking and finance sector, according to the report. It is one of the most advanced economies in Latin America. [Emerging Market ETFs as a Dividend Play]

“Chile’s economy is home to the region’s most sophisticated banking system, has thriving tourism and agriculture sectors and is one of the world’s top producers of metals such as copper and iron ore,” reports David Sterman for Investing Answers.

“Even as Chile’s economy has advanced over the past three years, Chilean stocks have moved sideways, lagging U.S. stocks in the process. Blame it on the outsized impact of commodity prices, which have been range-bound in recent quarters,” he added. Still, ECH, the Chile ETF, “holds great appeal for investors looking to capture the growth of Latin American economies.”

Another ETF to gain exposure to Chile is through the WisdomTree Commodity Country Equity Fund ETF (NYSEArca: CCXE) which gives 12.2% of the portfolio exposure to Chile. The fund focuses on dividend paying companies in various countries.

iShares MSCI Chile Index


Tisha Guerrero contributed to this article.