South Korea ETF is still a buy

Article Excerpt

ISHARES MSCI SOUTH KOREA INDEX FUND $54.02 (New York Exchange symbol EWY; buy or sell through brokers), is an exchange-traded fund that aims to track the MSCI Korea Index. The fund’s top holdings include Samsung Electronics, Hyundai Motor Co., Posco (steel), Hyundai Mobis (auto parts), Shinhan Financial, Kia Motors, LG Chemical, KB Financial, Hyundai Heavy Industries and Hynix Semiconductor. The South Korean stock market has seen little change since the death of North Korean leader Kim Jong-il on December 17, 2011, and the elevation of his son Kim Jong-un as leader. North Korea’s nuclear weapons remain a threat, but the country needs the continued goodwill of China for food and military aid. As well, the generals controlling the powerful military are unlikely to risk their favoured status in the nation of 23 million people by launching any serious attack on the south. iShares MSCI South Korea Index Fund is a buy for aggressive investors. investors…