Following are some of the details released by South Korea's chief policy adviser Kim Yong-beom, shortly after U.S. President Donald Trump said the two nations had reached a trade deal. Washington has not confirmed the details of the agreement.
CNBC's Chery Kang reports from the sidelines of the APEC Summit in Gyeongju, South Korea, as South Korean auto and shipbuilding stocks surge in early trade following the country's landmark trade pact with the U.S.
A weakening greenback is being compounded by global de-dollarization and lower interest rates, creating an environment for emerging markets (EM) ETFs to prosper. In turn, more investors are flocking into EM equities, but for more targeted exposure, South Korea could present an intriguing alternative.
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The company is an investment fund that focuses on tracking the equity market performance in Korea. It aligns its investment strategy by committing at least 80% of its assets to securities that are part of its underlying index or those investments that closely resemble the economic characteristics of its index components. The underlying index is a free float-adjusted, market capitalization-weighted index which encompasses the large- and mid-cap segments of the Korean equity market. Unlike diversified funds, this fund maintains a non-diversified stance, directing its investments towards a specific segment of the market to mirror the performance of its chosen index.
This product offers investors exposure to the large- and mid-cap segments of the Korean equity market. It is designed for those looking to invest in a fund that closely follows the economic characteristics and performance of the Korean equity market's significant components.
The fund's investment strategy involves tracking a free float-adjusted, market capitalization-weighted index. This method ensures that the fund's investments are proportionally aligned with the market values of the index's components, providing a representation of the market's overall performance.
As a non-diversified fund, this investment focuses on a specific segment of the market rather than spreading investments across various sectors. This strategy offers investors a targeted investment approach, aiming to replicate the performance of the underlying index that measures the large- and mid-cap segments of the Korean equity market.