Looking ahead, Hyundai is making inroads into the luxury car brand with its new Genesis premium car brand as a way to target high-end motorists and reverse sliding profits, Reuters reported.
EWY includes a 3.9% tilt toward Hyundai Motor and 2.4% to KIA Motors. Consumer Discretionary makes up 16.2% of the fund’s weight.
iShares MSCI South Korea Capped ETF
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Max Chen contributed to this article.