South Korean ETF Catching Up
June 18th at 1:07pm by Tom Lydon
After trailing other Asian markets over the past few years, the South Korean exchange traded fund (ETF) has been gaining ground thanks to Samsung Electronics. Samsung has become Asia’s largest tech company (by market cap) and makes up 15% of iShares MSCI South Korean (EWY), which is up 25% year-to-date. Carl Delfeld for ETFXRAY.com explains the company might not a perfect play on the South Korean economy, as it has become more of a global player, growing more outside the country than in. Other top companies in EWY include POSCO (8%), a materials company and Kookmin Bank at 7%.
