This Little-Known Peru ETF Is on Top of the World, Thanks to Gold

No one is happier to see this year’s rebound in precious metals than an obscure Peru exchange-traded fund (ETF).

The iShares MSCI All Peru Capped ETF (EPU) is up 30 percent on the year, making it the best-performing single country ETF of all 196 such funds in existence. This is nothing short of a miraculous turnaround for an ETF that had lost 53 percent in the three years prior to 2016.