Investors continue to pour money into South Korea's largest U.S.-listed exchange-traded fund (ETF) ahead of earnings season for some of the world's largest technology companies
Investors continue to pour money into South Korea's largest U.S.-listed exchange-traded fund (ETF) ahead of earnings season for some of the world's largest technology companies. The US$23.3 billion iShares MSCI Korea ETF recorded net inflows of over US$1 billion last week, further extending its three-week streak of inflows and bringing its total inflows in July to US$3.7 billion. If the momentum is maintained through the end of the month, it would be the fund's largest single-month inflow on record. The fund, which tracks South Korean stocks, has fallen more than 28% since hitting a record high on June 18. (Bloomberg)