What Does EPU Do? EPU tracks the MSCI All Peru Capped Index (MAPCI), which seeks to cover a minimum of at least 25 stocks from 20 different issuers. Peru doesn't have a very expansive stock market (more so when certain minimum liquidity thresholds are called for), and thus conjuring up a pure-play Peruvian ETF is a tough call. As a result, you'll find that MAPCI also provides exposure to stocks that have an economic exposure of a little over 10% to Peru. Garnering exposure to stocks from the latter category ...