5 Best Performing Country ETFs in 2022

2. iShares MSCI Chile ETF (BATS:ECH)

YTD Return as of December 8: 16.46%

The iShares MSCI Chile ETF (BATS:ECH) is an exchange traded fund that invests in public equity markets of Chile. The fund uses a representative sampling technique to mirror the performance of the MSCI Chile IMI 25/50 Index. As of December 8, the iShares MSCI Chile ETF (BATS:ECH) has gained 16.46% year to date and has outperformed the S&P 500 by over 33%. The iShares MSCI Chile ETF (BATS:ECH) ranks high among the best performing country ETFs in 2022.

The iShares MSCI Chile ETF (BATS:ECH) has an expense ratio of 0.58% and pays dividends semiannually. The fund has a yield of 8.44% and has investments concentrated across the materials, utilities, and financials segments. The iShares MSCI Chile ETF (BATS:ECH) has 82 holdings and a top ten holdings concentration of 67.88%.

Banco Santander-Chile (NYSE:BSAC) is among the top ten holdings of the iShares MSCI Chile ETF (BATS:ECH). Banco Santander-Chile (NYSE:BSAC) is among the major banks of Chile and is worth $7.30 billion on the open market, as of December 8. On October 26, Scotiabank analyst Jason Mollin upgraded Banco Santander-Chile (NYSE:BSAC) to Outperform from Sector Perform and revised his price target to CLP 41 from CLP 44. As of September 30, Ariel Investments is the top investor in the company and has a position worth $14.39 million.