iShares MSCI South Korea ETF
IKO.AX
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- iShares MSCI South Korea ETF (ASX:IKO) is an exchange-traded fund that aims to provide investors with the performance of the MSCI Korea 25/50 Index (Net AUD), before fees and expenses; the index measures the performance of large- and mid-capitalization companies in South Korea. The fund holds a diversified portfolio of approximately 81 South Korean equities, with top holdings including Samsung Electronics Ltd (23.57%), SK Hynix Inc (12.98%), KB Financial Group Inc (3.02%), Hanwha Aerospace Ltd, Naver Corp, Shinhan Financial Group Ltd, Hyundai Motor, Doosan Enerbility Ltd, Celltrion Inc, and Hana Financial Group Inc; sector allocations emphasize information technology, financials, and industrials. It offers annual distributions, a management fee of 0.45%, and trades on the ASX in Australian dollars, targeting investors seeking targeted exposure to the South Korean equity market. Issued by BlackRock Investment Management (Australia) Limited and domiciled in Australia, the ETF was originally established on May 9, 2000, with shares first listed on the ASX on November 15, 2007; its headquarters are located in Sydney, New South Wales. In the second half of 2018, the fund underwent a significant structural change by converting to an Australian-domiciled iShares ETF, eliminating the requirement for U.S. tax forms such as W-8BEN; it also experienced name changes, including from iShares MSCI South Korea Capped Index Fund (as of July 5, 2013) to iShares MSCI South Korea (February 8, 2013) and to its current name iShares MSCI South Korea ETF (January 19, 2018). No recent partnerships, acquisitions, funding rounds, new product launches, or major strategic expansions have been reported in the last 1-2 years.