By: ETF Trends
May 13, 2013 at 10:54 AM EDT
South Korea ETF Lower After Rate Cut
The South Korea ETF has traded lower in the wake of an interest-rate cut from the Bank of Korea. The central bank lowered benchmark rates in a surprise bid to boost an economy heavily reliant on exports. The iShares MSCI South Korea Capped Index Fund (NYSEArca: EWY) is down 7.4% year-to-date. EWY...
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