Korea ETF’s (EWY) Record Inflow Fuels SK Hynix Proxy Play
Bloomberg 2026-07-16 18:26:12
Context: The largest US-listed South Korea exchange-traded fund, iShares MSCI South Korea ETF (EWY), has experienced a record inflow, driven by investors seeking exposure to SK Hynix Inc. This surge is happening because the chipmaker's new American depositary receipts are trading at a substantial premium to its local shares. As a result, investors are using the ETF as a proxy to tap into the company's growth.
Key Facts
- The iShares MSCI South Korea ETF (EWY) has seen a record inflow, with investors piling into the fund as a proxy to gain exposure to SK Hynix Inc., a major South Korean chipmaker.
- SK Hynix Inc.'s new American depositary receipts are currently trading at a substantial premium to its local shares, making the ETF an attractive alternative for investors seeking exposure to the company.
- The increased interest in EWY is driven by investors looking for ways to tap into SK Hynix's growth, as the premium on its American depositary receipts creates a unique opportunity for investors to benefit from the company's success through the ETF.