ECH is a single country fund that is diversified over many sectors. About 50% of ECH is allocated in utilities and industrial stocks, another 17% in materials, and 13% in consumer-related. Chile accounts for 33% of the world’s metal production and ECH also provides exposure to copper.
- Chile has posted an economic growth in 2009 that signals the end of the economic slump.
- The higher external demand and higher metal prices along with Chile’s fiscal stimulus caused the economy to exit out of its recession in the 3rd quarter of 2009.
- Chile GDP grew at a pace of 1.1% compared to its previous quarter.
- Chile’s central bank decided to hold its interest rate steady at 0.50% for a fifth consecutive month and reiterated that it would hold the rate steady at least until the second quarter of 2010.
- The Organisation for Economic Co-Operation and Development (OECD) invited Chile to be the second Latin American member after Mexico. Chile will be the 31st member country.
Other Related Articles:
China ETF
Top 10 ETFs
No comments:
Post a Comment