The risk there is obvious: The iShares MSCI All Peru Capped ETF (NYSEArca: EPU) and the iShares MSCI South Africa ETF (NYSEArca: EZA) are correlated to some degree to precious metals prices. EZA is up 9.3% in the past month while EPU is down 2.3%. [The South Africa ETF Dichotomy]
“The Fed is allowing investors to ‘temporarily’ relive the happy days of QE-driven EM bonds and equities,” JPMorgan said in a report, cited by Bloomberg.
iShares MSCI All Peru Capped ETF
ETF Trends editorial team contributed to this post.