Asian markets and exchange traded funds (ETFs) are on the rise. Let’s take a closer look to see why they are blossoming.
After being crippled in a stagnating global economy, emerging market countries in Asia are showing signs of rejuvenation, remarks Gary Gordon for ETF Expert.
Korea’s ETF iShares MSCI South Korea Index (EWY), which is up 24.2% year-to-date, is above its 200-day long-term moving average. Investors are favoring the growth potential of Korean tech companies like Samsung and LG, along with Hyundai.
Malaysia’s country ETF iShares MSCI Malaysia Index (EWM) is up 18.2% year-to-date, and it previously had a 30% off its high, or the lowest “percentage-off-its-high” of any nation. Malaysia exports petroleum, liquefied natural gas, wood and rubber. Its ETF is also weighted at 30% in financials. The only concern whether Malaysia is able to compete against other cheap manufacturers in the regions.