EPUiShares MSCI Peru and Global Exposure ETF
The schedule
- Wed30Sep
Ongoing debates in Peru over mining taxes, royalties, and community agreements represent a structural risk for the country’s listed miners and, by extension, EPU. From a base price of $81.49, a stable or more investor-friendly framework could support a re-rating toward $89.00, while higher effective tax burdens or renewed nationalization rhetoric could pressure EPU down toward $89.00 by early November.
- Thu15Oct
Potential changes in US trade and tariff policy on metals and emerging markets under President Trump could affect demand, pricing, and risk premia for Peru-linked exporters. From a base price of $81.49, a stable or more targeted tariff regime that avoids broad commodity or EM penalties could support EPU toward $88.00, while renewed broad-based tariffs or trade frictions with key buyers could drag EPU toward $88.00 by late November.
- Sun15Nov
The November 2026 MSCI semi-annual index review offers another opportunity for changes to Peru’s index weight and constituents, influencing EPU’s flows and liquidity. From a base price of $81.49, increased allocations to Peru or the inclusion of new large caps could lift EPU toward $92.00, while downweights or deletions could see the ETF drift toward $92.00 by late December.
- Mon15Mar
By March 2027, the market will have greater clarity on whether the Fed is moving toward rate cuts or maintaining a higher-for-longer stance, which will drive EM risk appetite and flows into funds like EPU. From a base price of $81.49, a credible pivot toward easing could fuel a strong risk-on rally that takes EPU toward $95.00, while entrenched high rates and persistent inflation could keep the dollar firm and cap EM flows, leaving EPU closer to $75.00 by late April.
Past
- Wed15Jul
Mid-year China activity data and the trajectory of copper prices into 2H26 will be key for Peru’s mining-heavy equity market and thus EPU. From a base price of $81.49, a firm China growth pulse and tighter copper supply could drive EPU toward $90.00, while weaker Chinese demand and falling copper prices could drag the ETF toward $90.00 by late August.
- Fri12Jun
The June 2026 Fed meeting and guidance on the rate path will drive the U.S. dollar and global risk appetite, both critical for EPU. From a base price of $81.49, a more dovish signal that weakens the dollar and supports carry trades into EM could lift EPU toward $88.00, while a higher-for-longer stance that strengthens the dollar and tightens global liquidity could pull the ETF down toward $88.00 by mid-July.
- Fri15May
Actual outcome: Bull · $88.88 at outcome
The May 2026 MSCI semi-annual index review could change the Peru country weights and constituent list that underpin EPU. From a base price of $81.49, a favorable rebalance with increased weights for large liquid miners and financials could drive the ETF toward $87.00, while deletions or weight cuts to key names could pull EPU down toward $87.00 by mid-June.
