Korea ETFs outperform active funds
The exchange-traded funds market in Korea is growing in terms of product type, asset size and trading volume.
The Korea Exchange reported that Korean sector exchange-traded funds delivered the highest returns among local equity funds during the first quarter of 2011. The best performing ETFs included those tracking the energy/chemical, automobile, and steel sectors, and the Hyundai Motor Group.
The total ETF market’s capitalisation increased by about $785 million from the end of the fourth quarter of 2010, representing a quarterly growth rate of 14%, to a total of $6.25 billion. During 20…
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