Equity: South Korea - Total Market
With 4 ETFs and over $4.75B in combined AUM, the Equity: South Korea - Total Market segment provides exposure to the South Korea space with a focus on Total Market securities.
Year-to-date, the best-performing ETF in the segment is the iShares Currency Hedged MSCI South Korea ETF (HEWY), with a total return of 5.41%. Meanwhile, the most popular ETF is the iShares MSCI South Korea ETF (EWY) with $4.73BB in assets under management.
Investors should take a look at the iShares MSCI South Korea ETF (EWY). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. EWY tracks a market-cap-weighted index of large- and midcap Korean firms. EWY has an expense ratio of 0.59% and tracks the MSCI Korea 25/50 Index.
ETF.com Efficiency Insight
The average efficiency score in the Equity: South Korea - Total Market segment is 69 out of 100, with the Franklin FTSE South Korea ETF(FLKR) obtaining the highest rating of 91 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.52% per year, with the Franklin FTSE South Korea ETF (FLKR) having the lowest expense ratio, charging investors 0.09% yearly.
Investors should look for funds with tight tracking, such as the Franklin FTSE South Korea ETF (FLKR), with a 12-month median tracking difference of 0.22%.
ETF.com Tradability Insight
The average tradability score in the Equity: South Korea - Total Market segment is 52 out of 100, with the iShares MSCI South Korea ETF(EWY) obtaining the highest rating of 86 out of 100.
The iShares MSCI South Korea ETF (EWY) is the undisputed segment leader when it comes to liquidity. The fund trades 240.21M in daily average volume. Investors should also find ample liquidity in the Franklin FTSE South Korea ETF (FLKR), with $82.00K in daily dollar volume.
Use limit orders to trade funds such as the Franklin FTSE South Korea ETF(FLKR), due to their double-digit market spreads.
ETF.com Fit Insight
The MSCI Korea IMI has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to FLKR. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, HEWY follows a Currency Hedged Vanilla strategy and obtains a low Fit score compared with our neutral benchmark.