3 Asian Country ETFs Are Rocketing Higher (EWY, EWM, EWT)

Share This Article
April 29, 2009 1:48pm NYSE:EWM NYSE:EWT

missileWhy do some events have limited affects on world markets? Consider North Korea’s recent determination to develop its plutonium and to launch its missiles capable of carrying nuclear warheads. One might have expected some trepidation by its Asian neighbors.

Yet the iShares MSCI South Korea Fund (EWY) has barely missed a heartbeat in 2009. The basket of top South Korean companies has collectively put together a 4-month run of approx 24% through April 29. It has also managed a feat that few nations have achieved yet… a position above its 200-day, long-term moving average.

In truth, it’s mostly about a growth bias. Investors are flocking to the potential growth of Korean info tech names like Samsung and LG, as well as the market share pick-up by Hyundai. And yet, even on the value front, you have the Oracle of Omaha himself with a 4%+ stake in Korean steelmaker Posco. Each of these companies is heavily represented in the iShares MSCI South Korea Fund (EWY).

Full Story:  http://www.etfexpert.com/etf_expert/2009/04/etf-expert-3-asian-country-funds-are-rocketing-higher.html



7 Best ETFs for the NEXT Bull Market

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



5 WINNING Stock Chart Patterns

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories