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Rating:South Korea's Not Invited to Vanguard's ETF Party Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 11, 2012

South Korea's Not Invited to Vanguard's ETF Party

News summary by MFWire's editors

Investors are getting peeved once again over Vanguard's [Wall Street Journal, the fund formerly known as the Vanguard MSCI Emerging Markets ETF will lose its coverage of South Korea because MSCI and FTSE classify emerging markets differently.

The paper notes that South Korea was one of the biggest emerging-markets success stories of the past decade with an average annual return of 12%. Losing the this coverage will likely irk some investors.

"Everyone's benchmarked against MSCI," the Journal article quotes Morningstar analyst Patricia Oey as saying.

More importantly, Vanguard's critics contend, returns in the Vanguard emerging-markets ETF could end up trailing its peers should South Korean stocks continue their rise.

And judgement by investors has been swift, according to the paper: "Investors yanked $900 million from the fund in November, even as other emerging-markets ETFs had inflows," the article notes. 

Edited by: Tommy Fernandez

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