The ratings agency has an AA- sovereign rating on South Korea. Other South Korea ETFs include the Deutsche X-trackers MSCI South Korea Hedged Equity ETF (NYSEARCA: DBKO).
DBKO “seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Korea 25/50 US Dollar Hedged Index. The index is designed to provide exposure to South Korean equity markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and the South Korean won,” according to DWS.
South Korea’s economy “expanded by an above-trend 3.1% last year, bolstered by supportive economic policies and financial conditions, and by the pick-up in global trade. The Bank of Korea’s advanced estimate of 1Q18 real GDP growth, released last week, showed economic growth up by 1.1% qoq, and we forecast 2.9% growth in 2018 and 2.7% next year,” notes Fitch.
For more information on the South Korean markets, visit our South Korea category.