In keeping with Monday’s theme of Latin America where we highlighted EWW (iShares MSCI Mexico, Expense Ratio 0.52%) and related funds, today we focus on several single country ETFs in the region that may fly under the radar (i.e. funds that are not dedicated to Mexico nor Brazil).
ECH (iShares MSCI Chile, Expense Ratio 0.59%) and EPU (iShares MSCI All Peru Capped, Expense Ratio 0.59%) are two examples of such specialized funds and both have respectable levels of assets under management at $609 million and $418 million respectively.
Other ETFs that come to mind include GXG (Global X FTSE Colombia 20, Expense Ratio 0.78%), ARGT (Global X FTSE Argentina 20, Expense Ratio 0.75%), and COLX (Market Vectors Colombia, Expense Ratio 0.75%) which are substantially smaller in terms of both assets under management as well as average daily trading volume levels when compared to some of the larger funds in the space that are dedicated to say Brazil, Mexico, or broad Latin America.
ARGT has had an exceptionally difficult time performance wise in comparison to broader Latin America and other single country funds, and simply has not participated in the trailing one year period, off more than 20%.