South Korea ETFs
- Pininvest Analysis
Construction of a South Korea focused fund is no easy task considering the dominating importance of the Samsung conglomerate which accounts for more than 20% of total market value for Samsung Electronics (ticker – 005930) – not including listed subsidiaries such as Samsung Heavy Industries (ticker – 010140), Samsung Engineering (ticker – 028050) and Samsung C&T (ticker – 028260) or Samsung Life Insurance (ticker - 032830) and others….
With iShares MSCI South Korea ETF EWY/NYSEARCA managing close to a 100% of the funds US investors allocate to the South Korean market, the weighting of Samsung Electronics may end up being a key differentiator with First Trust South Korea AlphaDEX Fund asset a key outlier assigning just 2% to the chaebol - vs approx. 17% for FLKR/NYSEARCA up to 24% for EWY/NYSEARCA
Reminder – the Franklin FTSE South Korea ETF FLKR/NYSEARCA lacks a full-year track record (introduced in Nov’ 17)
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|Franklin FTSE South Korea ETF||FLKR||NYSEARCA||Asia-Pacific||South Korea||USD||32.97||13 M||90.1%||Neutral||25%||49%||-10%||
|iShares MSCI South Korea Capped ETF||EWY||NYSEARCA||Asia-Pacific||South Korea||USD||92.48||4.1 B||86.7%||Neutral||26%||51%||-11%||