This ETF taps South Korea’s COVID recovery

Article Excerpt

South Korea has been one of the most impressive performers among emerging-market economies over the past 50 years. That’s especially so over the last year. The country has managed the COVID-19 pandemic well, with the government implementing massive stimulus programs to boost the economy. All this should set South Korea up for a strong post-pandemic rebound. Meanwhile, retail investors play an outsized role in the country’s stock exchange. That helps push the market higher. (For more on that, see box next page). Here is an ETF that provides exposure to the top South Korean publicly listed companies: ISHARES MSCI SOUTH KOREA ETF $86.17 (New York symbol EWY; TSINetwork ETF Rating: Aggressive; Market cap: $7.54 billion) tracks the performance of the largest publicly listed South Korean companies. Technology companies account for 42% of its assets while Consumer Cyclical (12%), Industrials (10%) Financial Services (8%), and Basic Materials (8%) are other key segments. The ETF holds a portfolio of 108 stocks; the top 10 holdings make up 53% of…