While there has been decent semiconductor performance, the gains in EWY have come primarily from the exceptional year for the Won and corporate governance reform. Korea has lots of highly discounted, overcapitalised stocks on its market, and changes to the dividend tax code, as well as other mandated changes, are closing the discount. The discount on single stocks is still very present, and it will likely take a while for companies to change their ways, but like Japan things are improving.
After a poor 2024, South Korea has rallied year-to-date. Valuations aren't that cheap as a result. Meanwhile, fundamental challenges still loom large.
Korean equities, tracked by EWY, are once again cheaper than Chinese equities, making them attractive due to Korea's technological edge and U.S.-friendly stance. EWY is around 21% Samsung, and most of the time acts as a proxy for this otherwise difficult-to-trade stock. Samsung underperformed the broader Korean market on the back of downward earnings revisions, and now trades at 9x 2026 estimated GAAP EPS.
![]() EWY 20 Dec 2023 Paid | Annual | $1.65 Per Share |
![]() EWY 13 Dec 2022 Paid | Annual | $0.7 Per Share |
![]() EWY 13 Dec 2021 Paid | Annual | $1.68 Per Share |
![]() EWY 14 Dec 2020 Paid | Annual | $0.63 Per Share |
![]() EWY 16 Dec 2019 Paid | Annual | $1.31 Per Share |
![]() EWY 20 Dec 2023 Paid | Annual | $1.65 Per Share |
![]() EWY 13 Dec 2022 Paid | Annual | $0.7 Per Share |
![]() EWY 13 Dec 2021 Paid | Annual | $1.68 Per Share |
![]() EWY 14 Dec 2020 Paid | Annual | $0.63 Per Share |
![]() EWY 16 Dec 2019 Paid | Annual | $1.31 Per Share |
Asset Management Industry | Financial Services Sector | - CEO | XSGO Exchange | US4642867729 ISIN |
US Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
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.