(EWY) iShares MSCI South Korea - Ratings and Ratios

The iShares MSCI South Korea ETF (NYSE ARCA:EWY) is an exchange-traded fund that tracks the performance of the large- and mid-capitalization segments of the South Korean equity market. The fund invests at least 80% of its assets in the component securities of its underlying index, which is a free float-adjusted market capitalization-weighted index.

To evaluate the funds performance, we can look at key performance indicators (KPIs) such as tracking error, expense ratio, and trading volume. A low tracking error indicates that the fund is effectively replicating its underlying index. The expense ratio is a critical metric, as it directly impacts the funds net returns. EWYs expense ratio is 0.59%. Trading volume is also essential, as it affects the funds liquidity and trading costs. EWYs average trading volume is around 4.5 million shares per day.

The funds underlying index is designed to measure the performance of the South Korean equity market, which is heavily influenced by the countrys export-driven economy, particularly in the technology and automotive sectors. Key drivers of the funds performance include the KOSPI index, South Koreas GDP growth rate, and the countrys trade balance. The funds holdings are likely to be concentrated in large-cap stocks such as Samsung Electronics, Hyundai Motor, and SK Hynix.

In terms of risk management, investors can use the funds support and resistance levels to inform their investment decisions. The current support levels are 72.6, 70.4, and 65.4. Additionally, investors can consider the funds volatility profile, which is influenced by the underlying indexs composition and the overall market conditions. The funds ATR (Average True Range) is 0.80, indicating a relatively moderate level of volatility.