“We expect economic development in China, as well as in other emerging markets, to be an important driver of growth for many of South Korea’s larger companies over the medium term,” Oey added.
EWY has gotten a modest boost this month, though it is still well off the pace set by more volatile ETFs tracking Indonesia and the Philippines, as just two examples. The ETF is currently testing its 50-day and 200-day exponential moving averages.
iShares MSCI South Korea Capped ETF
For more information on South Korea, visit our South Korea category.
Max Chen contributed to this article.