) rose 38.4% in 2020, outperforming most developed and emerging markets. The ETF's year-to-date gains top those of other widely followed emerging markets as well as the S&P 500 in the U.S.
South Korea's strong equity market returns came as the country's health response to the coronavirus pandemic — along with fiscal and monetary stimulus measures already in place — kept its economy from missing a beat for most of 2020. "In South Korea, you have this combination of good health public policy together with plenty of [economic] policy support," said Mehran Nakhjavani, partner and emerging market strategist at MRB Partners. "The timing of it all was fortuitous."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: