Seeking Alpha

Korea Fund (KF)

  • Nov. 23, 2010, 4:54 PM
    Since war is out of the question, one emerging markets pro sees the Korean kerfuffle as a buying opportunity, "both short-term for a 20%-plus flip and 200% for long-term investment." Since nearly all Korean firms don't trade or barely trade in the U.S., South Korean closed-end funds such as Korea Fund (KF) offer opportunities for U.S. investors.
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Company Description
Under the prior restriction on lending, the Fund was limited to lending securities equal to no more than 25% of its total assets. Current SEC staff guidance permits securities lending up to 50% of the Funds net assets (33% of its total assets, including co