|Bid||32.20 x 900|
|Ask||33.59 x 800|
|Day's Range||33.49 - 33.88|
|52 Week Range||28.05 - 37.15|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.60|
|Expense Ratio (net)||0.59%|
A Philippines country-specific ETF stood out on Monday, with the Philippine stock market surging to a 16-month high, on expectations the central bank could enact further interest rate cuts while the government looked into relaxing laws and taxes to bolster investments. The iShares MSCI Philippines ETF (EPHE) was up 2.2% on Monday. The Philippine Stock Exchange officially broke into a bull market on Monday, rising 22% since its November-low, after the central bank committed to resume its policy easing in the second half of the year, Bloomberg reports.
Two neighboring emerging market stock exchanges have outperformed in late 2018. Explore several trading ideas using country-focused ETFs.
While the U.S.-China trade deal remains the biggest mover and shaker for exchange-traded funds (ETFs) in Southeast Asia, one geopolitical event that could affect one country, the Philippines, is the mid-term elections. Its results could have tangible implications for the iShares MSCI Philippines ETF (EPHE). Current Philippines president Rodrigo Duterte is in the midst of his third year in the country's highest office, and more importantly, his tenure is garnering stratospheric approval ratings.
With China's stock market barely recovering from a bear market, smaller Asian economies are performing relatively better, which explains why iShares MSCI Philippines is now among the best ETFs.
On an annual basis, Philippine's fourth-quarter GDP expanded at a 6.1% rate in comparison to the previous quarter's downwardly revised 6.0%, putting EPHE in focus.
Asian markets were among the worst off in 2018 as trade tensions, U.S. interest rate hikes and China’s deleveraging policies sent investors running. However, now that the dust is settling, investors may ...