Following the near meltdown for developing markets earlier this year, EWY has come into the spotlight because South Korea has two traits emerging markets investors now prize: A strong currency and a current account surplus.

EWY has perhaps gotten a modest boost from investors looking to stay engaged in emerging markets while using an ETF that is perceived to be conservative relative to BRIC funds or ETFs that offer exposure to Southeast Asian nations. EWY’s three-year standard deviation is more than 300 basis points below that of the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), according to iShares data.

iShares MSCI South Korea Capped ETF

ETF Trends editorial team contributed to this post.