Peruvian Punishment: A Market Classification Demotion Could Await Peru


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This how bad things for exchange traded funds tracking Latin American stocks in 2015: There are six significant single-country ETFs tracking large-cap stocks in various Latin American nations, but just one, the Global X MSCI Argentina ETF (NYSE: ARGT), is up year-to-date.

 

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Of the five losers, the iShares MSCI All Peru Capped ETF (NYSE: EPU) is off nearly 25 percent, but that makes just the third-worst performer of that awful quintet. Still EPU's slide, one hastened by the ongoing erosion in commodities prices, has the country vulnerable to losing its emerging markets status.

 

Last week, MSCI, the index provider for an array of widely followed global benchmarks, including the MSCI Emerging Markets Index, said it is mulling a demotion of Peru to frontier market status.

 

 


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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