3. iShares MSCI Philippines (EPHE). On March 31, I talked about the ways in which I might purchase an emerging market asset. Specifically, I discussed having just missed a late November (2013) opportunity to purchase EPHE; its Relative Strength Index Reading (RSI) just missed dipping below my target of 30.
Regardless, the big picture for a country that I have traveled to on multiple occasions — both for work and for pleasure — is genuinely impressive. Few countries boast demographics as favorable as the Philippines with its median age at 23. Recent stability in the political arena has also bolstered domestic consumption, while the government has been looking toward a number of infrastructure enhancements. An area of ironic concern? The economy is flourishing without central bank stimulus such that many expect the country to begin a cycle of tighter monetary policy.