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.
Related: Philippines ETF Remains an Emerging Markets Star
“The controversies of late have centered on government’s anti-drug crackdown and allegations of murder without trial. More recently, the closure of nickel plants on environmental concerns stirred global investors,” according to Barron’s.
Those controversies are taking a toll on EPHE. Over the past month, the ETF is down 2.3%, or nearly quadruple the loss of the MSCI Emerging Markets Index over the same period.
For more information on the ETF Emerging Markets market, visit our Emerging Markets category.