GXG has paid two dividends since it listed payout $0.53 in December 2009 followed by $0.13 a year later. This reinforces a point I make often about ETF dividends being very lumpy.
iShares MSCI All Peru Capped Index Fund (EPU) is a similarly concentrated portfolio as miner Cia de Minas Buenaventura (BVN) comprises 20% of the fund followed by Creditcorp at 14% and Southern Copper (SCCO) at just under 12%. Materials account for 60% of the fund and financials weigh in at 19%.
The last choice here is the Global X FTSE Andean 40 ETF (AND) which of course offers exposure to the region without having to choose an individual country. This fund allocates 51% to Chile, 33% to Colombia and 16% to Peru. Materials and financials are the largest sectors with each being close to 25%. The largest individual holdings are all the names mentioned throughout this article.
A bigger picture reason to consider these countries in conjunction with the natural resources leading to a viable middle-class theme is that during the last decade as the S&P 500 declined 24% on a price basis the equity markets in these countries carried on without us; Chile up 194%, Peru up 680% and Colombia had almost a six-fold increase. Those returns all came via very bumpy rides and, even if not repeatable, show that these markets can thrive as the U.S. flounders.Readers Also Like: >> Goldman's Best Energy Stocks for Next 6 Months >> 'Go Where the Crisis Is -- Europe' to Buy Stocks