iShares MSCI South Korea Index Fund (EWY)
The bulk of the headlines devoted to Asian markets generally are focused on China. Yet over the past month, the hottest Asian market has been South Korea. The iShares MSCI South Korea Index Fund (NYSE: EWY), an ETF pegged to South Korea’s benchmark index, has enjoyed a 10.67% rise over the past month, placing it firmly among the top-performing sector ETFs.
Top stocks in EWY are South Korean-traded Samsung Electronics, steelmaker POSCO (NYSE: PKX) and automaker Hyundai Motor Co. (OTC: HYMTF). If investors continue their bullish stance on international equities at large, then look for EWY to continue attracting investor capital.