iShares MSCI Peru and Global Exposure ETF

EPU

時価総額 $5.51億

EPU: Hold But Stay Underweight

When it comes to broad international equities exposure, the sum of the parts is traditionally greater than the whole. Today, however, single-country exposure is also proving that individual parts can deliver a whole lot of performance.

AI, Alternative Energy and Commodity stocks are all leading this market as a confluence of economic developments drive growth and constrain supply.

The iShares MSCI Peru and Global Exposure ETF covers 25 stocks, with only 66% of its holdings consisting of Peruvian pure-plays. EPU is heavily weighted toward cyclical sectors, especially materials (52%), and its top two holdings comprise 46% of the portfolio, amplifying concentration risk. EPU suits investors with aggressive risk appetites seeking to profit from a potential commodity supercycle or the growth of trade.

Funds with ties to the AI boom in emerging markets like South Korea, Taiwan and Peru could make a run-up to rival the Magnificent Seven

The iShares MSCI Peru and Global Exposure ETF offers concentrated exposure to Peru's commodity-driven equity market, dominated by basic materials and financials. EPU benefits from record copper and gold prices, domestic liquidity injections, and easing monetary policy but faces significant political and valuation risks ahead of the 2026 elections. Major mining projects and the Chancay Mega-Port enhance Peru's export competitiveness, yet EPU trades at a P/E of 17.25x, well above its historical average.

EPU: A Beneficiary Of Peru's Solid GDP Growth And High Commodity Prices

The iShares MSCI Peru ETF (EPU) has surged 69.1% YTD, earning a Strong Buy Quant Rating and ranking as the top single country ETF for 2025. EPU's outperformance is driven by strong returns from a concentrated set of holdings and sector exposure. The fund's narrow focus presents significant vulnerability and concentration risk for future performance.

Global market leadership may be shifting again as trade tensions escalate, the U.S. dollar trades at multi-year lows, and gold at all-time highs. This brings back for the second time this year the quest for the best international ETFs. The most recent global outlook from the IMF points to ongoing strengths in emerging markets and developing economies vs. the U.S. and other advanced economies in 2026.

iShares MSCI Peru ETF is up 60% YTD, driven by a metals rally, but currently rated "Hold" due to stretched technicals. EPU benefits from high exposure to mining and materials, with a 3.55% yield and strong momentum, but faces elevated volatility and liquidity issues. Valuation has risen with a P/E of 16x and a less compelling PEG ratio; portfolio is concentrated in materials and financials, notably SCCO and BAP.