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 21.2% of EPHE’s weight, the ETF’s second-largest sector weight, while consumer sectors combine for 11.7% 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.

iShares MSCI Philippines ETF

Tom Lydon’s clients own shares of EEM.