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%.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.