BlackRock’s Korea ETF draws more than $2.8 billion in a record week, with roughly 25% allocated to SK Hynix

BlackRock’s iShares MSCI South Korea ETF (EWY) recorded more than $2.8 billion in net inflows last week, setting a new weekly record and easily topping the fund’s previous high of $1.2 billion reached in February this year. Bloomberg data cited in the report also showed that about 25% of the ETF’s portfolio is allocated to SK Hynix, making the chipmaker a major holding in the vehicle. The broader flow picture was also strong for Korea-linked products. Investment products focused on South Korea pulled in $3.03 billion in net inflows last week, the highest total among all countries tracked in the data. Over the same period, U.S.-listed emerging-market ETFs posted $4.39 billion in net inflows, the strongest level since Feb. 27. Within that total, equity ETFs attracted $4.22 billion, while bond funds brought in $164 million.