EPU: Has The Peru Rally Lost Steam?
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Peru's stock market has outperformed regional peers, with equities remaining reasonably valued. The economy is expected to recover substantially in 2025, and recent GDP growth is the highest since Q1 2022. Despite a 40% market run in the past year, future economic developments are not fully priced in, making it a good hold.
November 30, 2024 | 11:00 am
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The iShares MSCI All Peru Capped ETF (EPU) has seen a 40% increase over the past year, driven by Peru's strong GDP growth and market performance. Despite this rally, future economic developments are not fully priced in, suggesting EPU remains a good hold.
EPU, an ETF focused on Peru, has benefited from the country's strong GDP growth and market performance, leading to a 40% increase. The article suggests that future economic developments are not fully priced in, indicating potential for further gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100