Larrain also noted that the national currency, the peso, is set to average 631 pesos per dollar in 2018. Furthermore, Chile, a major exporter of copper, expected the trade war between the global economic powers to only have a short-term impact on the price of copper, which Larrain predicted would rise from to $3.12 a pound versus an earlier forecast of $2.88.
Real Estate Market Growing
Real estate market growth can be a major driver as to whether a country’s economy can thrive or lag. The Global Real Estate Transparency Index (GRETI) is a report that contains the most comprehensive country comparisons of data availability, governance, transaction processes, property rights and the regulatory/legal environment around the world.
In the latest Global Real Estate Transparency Index (GRETI) report, Chile jumped 10 spots to the claim 52nd place. Chile even skipped past Argentina, which boasts a larger GDP in comparison.
If the aforementioned factors can continue to move in a the right direction, ECH could stand to benefit and is one that ETF investors should watch closely.
For more market trends, visit ETFTrends.com.