Year-to-date, iShares MSCI Philippines ETF (NYSEArca: EPHE), the lone ETF dedicated to the Philippines, is higher by about 11%. That is a solid showing though one that lags many emerging markets single-country ETFs, including the equivalent Indonesia and Thailand funds.
The Philippine presidential race weighed on investor sentiment as Duterte had been tight-lipped on what he would do to support the economy, fueling uncertainty over the economic outlook. However, stocks there rallied after he emerged victorious in the June election.
Related: Philippines ETF Remains an Emerging Markets Star
“Many observers had expected the new regime to continue with policies that have ensured the Philippines has clocked some of the fastest growth rates in the world,” reports CNBC. “Now there are worries that the president’s erratic outbursts may end up distracting from the task at hand.”
For more information on the ETF Emerging Markets market, visit our Emerging Markets category.