South Korea ETFs Soaring Despite Looming VWO Sales
ETFs tracking South Korean equities are defying logic these days. With the Vanguard MSCI Emerging Markets ETF (NYSEARCA:VWO) the largest emerging markets ETF by assets poised to drop the MSCI Emerging Markets Index next year in favor of the FTSE Group equivalent some analysts and investors expected a sell-off in South Korean stocks. The reason being because the FTSE Emerging Markets Index does include South Korea as a developing nation. That means Vanguard the third-largest US ETF sponsor will have to dump South Korean equities as VWO transitions to the FTSE index. As of the end of October South ...
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