Chile ETF offers value for aggressive investors

Article Excerpt

Investors in Chile have benefited from the success of Latin America’s best-performing economy for the past two decades. During this time of rapid expansion, poverty levels fell (while consumer spending rose) and healthcare and education improved substantially. However, the country has struggled over the past few years as lower commodity prices slowed the economy and investor gains. Strikes and social unrest have also disrupted business activity. As a result, Chile’s currency and stock market have fallen and are trading at decade-low levels. Still, this ETF focused on the country’s strongest companies offers longer-term opportunities for aggressive investors. ISHARES MSCI CHILE ETF $31.61 (New York symbol ECH; TSI Network ETF Rating: Aggressive; Market cap: $483.7 million) tracks the performance of the largest publicly listed Chilean companies for its unitholders. Utilities account for 30% of your assets through this fund, while Financial Services (23%), Industrials (11%), Consumer Cyclicals (11%), Basic Materials (11%), and Consumer Defensives (7%) are other key segments. The ETF holds a portfolio of 32…