iShares MSCI Peru ETF Up 25.1% YTD, Second-Best Country ETF
iShares MSCI Peru and Global Exposure ETF has surged 25.1% year-to-date, ranking second among US-listed country ETFs. This gain comes as emerging markets outperform the S&P 500 by 13 percentage points over two months, driven by commodity rebounds and a weakening US dollar.
1. Strong Year-to-Date Performance
iShares MSCI Peru and Global Exposure ETF (EPU) has climbed 25.1% through February 23, making it the second highest-performing US-listed country ETF this year. Only the MSCI South Korea ETF, up 43.8% YTD, has outpaced Peru over the same period.
2. Broader Emerging Markets Rally
Emerging market funds have collectively outperformed the S&P 500 by 13 percentage points in the past two months, marking the widest gap since 2008. This surge is underpinned by nine consecutive weekly gains in the MSCI Emerging Markets ETF, the longest streak since 2005.
3. Key Catalysts for Peru Exposure
Peru’s heavy commodity weighting—especially metals and mining—benefits from rising global demand and higher prices. A weakening US dollar and attractive valuations in emerging markets are also drawing capital flows into EPU’s Peru-focused holdings.