There are reasons to consider EPHE and those include the benefits to consumer sectors from low oil prices, a resurgent manufacturing sector and expectations that corporate profits will grow 13% to 16%, according to the Inquirer.

Industrials represent 22.6% of EPHE’s weight, the ETF’s second-largest sector weight, while consumer sectors combine for 11.6% of the fund’s weight.

For 2015, Morgan Stanley “said the Philippines was the best-positioned market due to its ample liquidity, strong forecast gross domestic product growth and low levels of credit penetration,”reports The Star.

A stronger U.S. dollar is helping Philippine stocks beyond lower oil prices. Foreign remittances are now worth more when converted into pesos, helping boost the local economy. [Philippines ETF Remains an EM Star]

iShares MSCI Philippines ETF