Horizons’ relationship with Mirae Asset Global Investments, a unit of of the Mirae Asset Financial Group, one of Asia’s largest independent financial services groups, is another plus for HKOR.
“We think having Mirae Asset Hong Kong sub-advise HKOR is a great benefit to potential investors,” said Atkinson in the statement. “We have great confidence in knowing that the ETF portfolio is being monitored by a professional portfolio management team based in Asia with extensive experience in the Asian equity market.”
Mirae Asset had $22.7 billion in emerging markets assets under management at the end of 2013.
South Korea is one of the least volatile emerging markets, although it is not found in all major emerging markets ETFs. For example, Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO) dropped South Korea from its lineup when it transitioned to the FTSE Emerging Markets Index last year. That opens the door for HKOR to be considered by advisors as an avenue for adding South Korea exposure as a complement to positions in VWO.
Data Courtesy: Horizons ETFs
ETF Trends editorial team contributed to this post.