Shinhan Financial Group Co Ltd
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Bank of Korea Keeps Rates Unchanged, Asian ETFs Trade Positive
South Korea’s monetary policy committee kept the benchmark interest rate unchanged at a record low of 1.3%—in line with expectations.
What’s Driven FEAAX Down Year-to-Date in 2016?
FEAAX has emerged as a below-average performer, placing third last among the nine funds in its peer group YTD (year-to-date) in 2016.
Analyzing FEAAX’s Portfolio Composition Year-to-Date in 2016
FEAAX’s assets were spread across 231 holdings as of March 2016, and it was managing assets worth $225.4 million as of May.
Why FEAAX Could Be on Your Shortlist
FEAAX is invested into stocks of companies such as H shares of China Telecommunications, and Advanced Semiconductor Engineering.
Bank of Korea Monetary Policy Is Expected to Remain Stable
The Bank of Korea maintained its interest rates at record lows of 1.5% in its December meeting. The central bank felt the eased policy stance would assist economic growth momentum.
Evaluating the Matthews Korea Fund Investor Class
The Matthews Korea Fund Investor Class generally invests at least 80% of its total assets in common and preferred stocks of companies from South Korea.
South Korean Won Falls Slightly on Weak Industrial Production
The Korean won fell nearly 0.27% on August 31 on the back of weak economic data. A major fall was prevented since there was some positive bias due to strong retail sales data coming out at 1.9%.
