This Chile ETF goes beyond copper

Article Excerpt

Higher copper prices continue to boost economic growth and prosperity for Chile, the largest global producer of the metal. Despite its dependence on copper, the country has a strong market economy with a high level of foreign trade. Chile has also worked to strengthen its financial institutions and economic policies. Here is one ETF that provides exposure to top Chilean companies. ISHARES MSCI CHILE ETF $50 (New York symbol ECH; TSINetwork ETF Rating: Aggressive; Market cap: $477.5 million) tracks the performance of the largest publicly listed Chilean companies. Financial Services account for 23% of its assets, while Utilities (22%), Consumer Services (19%), Basic materials (13%), Oil and Gas (9%) and Consumer Goods (7%) are other key segments. The ETF holds a portfolio of 31 stocks. The top 10 holdings make up 62% of its assets, but are the biggest and most stable of the country’s companies. They are Saci Falabella (retailer, 8.9%), Empresas Copec (conglomerate, 8.7%), Enel Americas (utilities, 8.2%), Banco Santander-Chile (banking, 6.8%),…