Related: Emerging Markets ETFs Keep Bleeding Assets
The iShares MSCI All Peru Capped ETF (NYSEArca: EPU) is already this year’s best-performing emerging markets single-country exchange traded funds, but is also sporting a chart that could portend more upside ahead.
“The Peru ETF chart reflects that strength and even resisted the pullback. Again, a breakout above the triangle pattern would be another good sign for the bulls. The caveat is that daily trading volume here is in the low side so it is a bit riskier than other ETFs,” according to Barron’s.
Thanks to rebounding gold and silver prices and favorable results in the country’s recent presidential election, Peru is giving global investors reasons to give the South American economy another look and that should help EPU.
Related: Peru ETF Makes a Big Move on Pro-Market Presidential Race
iShares MSCI Emerging Markets ETF
