Philippine stocks currently traded at a slightly higher multiple than their Thai counterparts and are about inline with Indonesia, two markets against which the Philippines is frequently compared.
“On the negative side, the main concern is the balance of trade having dropped from a USD 0.065b surplus in May 2015, to a USD 2.02b deficit in May 2016. The main cause of this was the China slowdown and the mining sector (other mineral products (-43.8 percent)),” according to Seeking Alpha.
For more information on the ETF Emerging Markets market, visit our Emerging Markets category.
iShares MSCI Philippines ETF