With a major lag in emerging markets over last 3 years (we have documented at length at (EmergingMoney.com) best way to play what the Fed told us yesterday is the own Korea.
Weekly Fund Flow data is out there is some unsurprising results from the top and bottom of the leader board.
South Korean stocks rose today after the historic election of the first female president, Park Geun-hye. Park is the 60-year old daughter of a former dictator and a member of the conservative party. She replaces outgoing President Lee Myung-bak.
Foreign Policy Magazine (FP) recently outlined some emerging markets that have outperformed investor mainstays like China and India.
As a result of outperformance from the country’s conglomerates, the South Korean economy (EWY, quote) has performed strongly in spite of turmoil in global financial markets. As the country’s presidential election nears, the increased focus on struggling small businesses could be bullish for the long-term prospects of the South Korean economy.