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EPU

iShares MSCI All Peru Capped Index ETF

5/26/2013, 1:53 AM ET

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Thursday, May 23, 2:46 PM Gold's sharp rise today can be attributed to the dollar's drop vs. the yen; when the dollar drops, gold should rise, as their correlation during the past 24 days has hit -86%. A stock sector that's standing out is emerging market gold miners: South Africa’s Sibanye (SBGL), Harmony (HMY) and AngloGold (AU), plus Peru's Buenaventura (BVN) are stronger, even as their corresponding country ETFs (EZA; EPU) are in the red. 5 Comments [Commodities, On the Move]
Tuesday, February 12, 3:44 PM Markets make opinons, they say, and Brazil's (EWZ) poor performance has managers pulling funds and talking about long-term troubles for the next great country. Money is instead chasing performance in Mexico (EWW), Peru (EPU), and Chile (ECH). A 10% move up in the Bovespa and it's our guess the prospects for Brazil among the adviser crowd will have improved. Comment! [Global & FX]
Monday, December 31, 2012, 11:51 AM More details on iShares' ETF fee hikes: Going to 0.61% from 0.59% (a 3.4% hike) are its Chile Investable Market Fund (ECH), China Small Cap Fund (ECNS), Indonesia Investable Market Fund (EIDO), Israel Capped Investable Market Fund (EIS), Philippines Investable Market Fund (EPHE) , Poland Investable Market Fund (EPOL), All Peru Capped Fund (EPU), Taiwan Fund (EWT), South Korea Fund (EWY), Brazil Fund (EWZ), Brazil Small Cap Fund (EWZS), South Africa Fund (EZA), Thailand Investable Market Fund (THD) and Turkey Investable Market Fund (TUR). 2 Comments [Global & FX]
Friday, February 10, 2012, 3:19 PM Peru holds monetary policy steady, keeping its benchmark rate at 4.25% for the 9th consecutive meeting. The central bank sees inflation, currently tripping along at 4.74%, falling to 2% by year's end. Peruvian shares have recovered nicely since the panic surrounding Ollanta Humala's election last spring. EPU +14.7% YTD. Comment! [Global & FX]
Sunday, December 11, 2011, 9:02 AM The door is opened for an even harder line against those protesting a $4.8B gold and copper mine to be opened by Newmont (NEM) and Buenaventura (BVN) in Peru after Salomon Lerner - arguably the 2nd most powerful man in government - resigns. President Humala - who would have sided with the protesters a few years back - this week ordered the military to step in against the demonstrators. 3 Comments [Global & FX, Commodities]
Monday, December 5, 2011, 7:41 AM Peruvian president Humala declares a state of emergency in the country's northern region after anti-mining protests forced Newmont Mining (NEM) to suspend a $4.8B gold project. The declaration gives the army sweeping powers, including the right to arrest without warrant. It didn't take long for Humala - only a few years ago taking over mines himself - to get religion. Money makes the mare go. 2 Comments [Global & FX, Commodities]
Monday, August 22, 2011, 3:08 PM Worries Peru's president would be another Hugo Chavez may need a reality check as the new head of state-owned PetroPeru signals his hope for an IPO by the year's end. "Oilnomics 101," says Humberto Campodonico, means PetroPeru needs to start producing oil, meaning it needs to raise cash. 2 Comments [Global & FX, Energy]
Thursday, July 28, 2011, 5:45 PM Ollanta Humala is sworn in as President of Peru. Among his first announcements is a promise to raise the minimum wage starting in August. He also plans to reorient the energy sector to keep more of the country's gas from being exported, and see that mining earnings go towards eradicating poverty. Crashing following his election, Peruvian shares have regained much of their loss. EPU +14% this month. 12 Comments [Global & FX]
Tuesday, June 21, 2011, 1:13 PM A check of the Peru ETF (EPU) finds it retesting the low it hit as shares collapsed in the wake of Ollanta Humala's election. A poll shows the president-elect, a pal of Hugo Chavez, but promising policies more in line with Brazil's Lula, with a 70% approval rating. Down 25% YTD, EPU remains higher Y/Y, +9.5% . 3 Comments [Global & FX]
Thursday, June 9, 2011, 4:37 PM Peruvian shares continue to climb back from their post-election crash, EPU +2.5% to within 5% of its pre-election close. President-elect Humala makes Brazil his first foreign stop, saying the Brazilian model of "macroeconomic stability with social inclusion" is what he envisions for Peru. 1 Comment [Global & FX]
Wednesday, June 8, 2011, 12:52 PM Low inflation and waning demand for credit mean Peru's central bank can pause from rate hikes when it meets tomorrow ... this is the opinion of the Finance Minister, who quickly adds, "it's the central bank's decision" - so much for independence. Shares continue to bounce from the post-election crash. EPU +3.1%. 2 Comments [Global & FX]
Tuesday, June 7, 2011, 11:02 AM "The new president is likely to end up opting for policy prudence," says Credit Suisse, joining Nomura in calling the selloff in Peru a buying opportunity. Shares are bouncing following yesterday's drubbing. EPU +3.0%, BAP +6.2%, BVN +1.4%, SCCO +1.0%. 2 Comments [Global & FX, On the Move, Commodities]
Monday, June 6, 2011, 12:19 PM "Those speculating now are simply going to lose their money because (everything) is very solid, everything has a good outlook," says Kurt Burneo, a former Peruvian central bank official and adviser to Ollanta Humala. EPU -11.1%, BVN -10.1%, BAP -13.3%, SCCO -8.3%. 1 Comment [Global & FX, Commodities, On the Move]
Monday, June 6, 2011, 9:57 AM The Peru ETF (EPU -9.5%) is diving following Ollanta Humala's victory in that country's presidential campaign. Credicorp (BAP -10.3%), the nation's largest banking institution, is following suit, as is Southern Copper (SCCO -8.5%), which has its major interests in Peru. 3 Comments [Global & FX, On the Move, Commodities]
Sunday, June 5, 2011, 6:40 PM Exit polls show left-winger Ollanta Humala with a 5 point lead over Keiko Fujumori in Peru's presidential election. A pal of Hugo Chavez, Humala has toned down the anti-capitalist rhetoric after barely losing the 2006 race. The battle isn't over as overseas ballots are expected to tilt towards Fujimori. Peruvian shares have been hammered over the past months on worries of a Humala victory. 11 Comments [Global & FX]
Thursday, June 2, 2011, 9:25 AM Peruvian shares continue to plunge, -9.3% for the week as speculation grows Ollanta Humala, running on a Chavez-lite platform, will upset Keiko Fujimori in this weekend's presidential election. A win by Fujimori could result in a major stock rally. Peru ETF: EPU. Major bank: BAP. 1 Comment [Global & FX]