Peru ETF (EPU) Hits New 52-Week High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2024
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Source: NASDAQ.COM
- iShares MSCI Peru and Global Exposure ETF (EPU) Hits New 52-Week High: The fund has seen a significant increase, up approximately 57% from its 52-week low.
- Outlook for EPU: Analysts suggest that the ETF may continue its strong performance in the near term due to positive weighted alpha and expectations of further rallies in copper prices.
- Underlying Index and Sector Allocation: EPU tracks the MSCI All Peru Capped Index, with a focus on the materials sector which makes up about 59% of the fund.
- Peru's Benefit from Copper Price Rally: Peru, with a substantial share of global copper reserves, is expected to benefit from increased investment and export demand in the medium term.
- Investment Opportunities: Investors seeking momentum may consider keeping an eye on iShares MSCI Peru and Global Exposure ETF EPU for potential gains.
Analyst Views on EPU
Wall Street analysts forecast EPU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EPU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 86.200
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
