KF - Korea Fund: How To Invest In The Korean Stock Market As It's Poised To Rise In 2023
Summary
- This closed-end fund trades at a large discount of circa 15%, has an acceptable expense ratio, and has performed a little better than its benchmark over the last decade.
- Korean stocks are amongst the world’s cheapest based on forward P/E ratio. Emerging markets, in general, are also historically relatively cheap and primed to attract global interest now.
- Shareholder activism trends can ensure that such potential will not result in a “value trap” investment here.
- Another positive catalyst is likely from China’s recent move to ease Covid restrictions. China’s previous restrictions were a factor, making Korean equities one of the worst stock markets in 2022.
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Korea Fund: How To Invest In The Korean Stock Market As It's Poised To Rise In 2023