ILF’s primary rivals are the SPDR S&P Emerging Latin America ETF (NYSEArca: GML) and the First Trust Latin America AlphaDEX Fund (NYSE: FLN). GML and FLN are smaller than ILF in terms of assets, but both hold more stocks and have outpaced ILF over the past three months.

While investors have been somewhat shy about devoting new capital to EWZ this year, ILF has pulled almost $149 million in new assets, or about 13% of its current assets under management tally.

iShares Latin American 40 ETF


Chart Courtesy: Captain John Charts

Tom Lydon’s clients own shares of EEM and ILF.