iShares IKO ETF (ASX:IKO)
The iShares IKO ETF provides investors with exposure to the performance of the large and mid-cap segments of the Korean stock market.
What does the IKO invest in?
IKO invests in more than 100 large and mid-cap shares on the Korean stock market. This includes leading names like Samsung, Hyundai, LG and Kia. You could buy all of these companies yourself using a share brokerage account but that would be a very expensive and time-consuming process. So the IKO ETF provides investors with access to the Korean stock market in a single trade, all from the comfort of the ASX.
What do investors use IKO for?
Investors could use IKO to get exposure to a basket of just over 100 Korean companies which covers approximately 85% of the free float-adjusted market capitalisation in Korea. So, IKO could be used to diversify an ASX-focused portfolio internationally and take a tactical position in the Korean stock market.
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