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Picturing North Korea's Economic FailureDonald Marron • Mon, Dec 19, 2011 -
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April ETF Roundup: 43 Funds Make Their DebutJared Cummans • Mon, May 2, 2011 -
Newly Launched ETFs That Screen for QualityMorningstar • Thu, Apr 28, 2011 -
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Picturing North Korea's Economic FailureDonald Marron • Mon, Dec 19, 2011
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April ETF Roundup: 43 Funds Make Their DebutJared Cummans • Mon, May 2, 2011
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Newly Launched ETFs That Screen for QualityMorningstar • Thu, Apr 28, 2011
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FKO vs. ETF Alternatives
FKO Description
The First Trust South Korea AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Defined South Korea Index.
See more details on sponsor's website
See more details on sponsor's website
Country: Korea
Key Info
- In Your Portfolio: A Guide to International Equity ETFs
- Asset Class Performance: Countries, Emerging Markets
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, May 9, 4:35 AM In a surprise move, the South Korean central bank cuts interest rates by 25 basis points Thursday, calling economic activity in the eurozone and emerging markets "sluggish" and "weaker than initially expected." The cut takes the base rate to 2.5%, its lowest level in two years and when combined with recent fiscal policy designed to bolster growth, should help "accelerate the recovery and increase the upside of Korea's GDP," one economist told the NY Times. South Korean stocks (EWY) rise 1.18% and the won falls 0.34% against the dollar. Comment! [Global & FX]
- Wednesday, April 10, 4:42 PM Direxion launches two triple-leveraged single-country ETFs today - Daily Brazil Bull 3X Shares (BRZU) and Daily South Korea Bull 3X Shares (KORU). Both the funds have an expense ratio of 0.95%, much higher than counterparts FKO and FBZ (0.80%) and EWY and EWZ (0.60%), but matching UBR (0.95%). The timing of the launch is interesting as both countries have struggled to perform recently, with iShares' Brazil fund EWZ -13.4% (last 12 months) and -2.4% (YTD). EWY (South Korea) is -6.2% (last 12 months) and -12.3% (YTD). Comment!
- Wednesday, December 19, 2012, 3:44 PM At just 9X 2012 earnings, Korea's stock market is among the cheapest on the planet, writes Kopin Tan, blaming it on outdated perceptions of a highly cyclical, export-dependent country. Korean companies have slashed debt, and an aging population might force Asia's stingiest firms to loosen up on dividends. EWY is the popular play, but it's heavily weighted to Samsung. More diversified (but less liquid) is FKO]. Comment! [Global & FX, Quick Ideas]
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