For example, Credicorp (NYSE: BAP) has 90-day average turnover of nearly 308,000 shares while Southern Copper’s (NYSE: SCCO) traded nearly 1.25 million shares over that period. Buenaventura Mines (NYSE: BVN) had volume north of 1.3 million shares over that time. Those are EPU’s three largest holdings, combing for over 44% of the ETF’s weight.
“While Global Markets Intelligence (GMI) stands by its largely upbeat assessment of the policy climate in Lima, it deems the political environment under the current president, Ollanta Humala, as potentially disruptive to constructive policymaking ahead of the 2016 presidential elections, dissuading GMI from retaining an overweight of Peruvian shares until the incumbent unequivocally commits his regime to policy stability,” said S&P Capital IQ in a recent research out in late 2014. [Peru ETF Could Benefit From Energy Investment]
iShares MSCI All Peru Capped ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of ILF.