That is why Korean ETFs $iShares MSCI South Korea ETF(EWY)$ and $Franklin FTSE South Korea ETF(FLKR)$ are flying like a rocket to the moon! Both ETFs are up over 100% YTD because SK Hynix & Samsung are the top 2 holdings of the ETFs.
I prefer FLKR as it has an expense ratio of only 0.09%, putting more money into my pockets. In contrast EWY expense ratio is 0.59%.
I am excited to invest in FLKR as Korea is still cheaper than the US, Japan and Taiwan. Even after the rally, Korea's valuation metrics remain: Lower P/E, lower P/B, higher dividend yield & lower price to sales compared to other major tech heavy markets. That is not what overvalued looks like.
Go Korea!πππππππ°π°π°
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- 1PCΒ·06-17 23:39TOPNice Sharing π @DiAngel @Aqa @Shyon @JC888 @Barcode @Sherniceθ»ε¬£ 20002Report
- glowziΒ·06-17 10:32TOPFLKR fee gap is hard to ignore lol. I hold Nvidia too, but this Korea angle looks way less crowded β anyone buying FLKR over EWY here?2Report
- chipzzyΒ·06-17 10:32TOP0.09% fee is hard to ignore lol. I hold Nvidia and FLKR makes more sense than EWY here2Report