KF: Japan Was So Last Year, Buy South Korean Stocks In 2024 [Seeking Alpha]
Korea Fund, Inc. (The) New (KF)
US:NYSE Investor Relations:
thekoreafund.com
Company Research
Source: Seeking Alpha
The fund has a discount to NAV of over 17% in the last 6 months, which may contract substantially in a bullish run in South Korean stocks. South Korea is taking cues from Japan's corporate governance reforms, potentially leading to improved shareholder activism and better market performance. The Korea fund overview The Korea Fund ( NYSE: KF ) is a closed-ended fund that is focused on South Korean equities. Its performance in NAV terms over the last decade has slightly beat its benchmark. From that perspective, I would normally consider the expense ratio of nearly 1.5% too high. The Korea Fund discount to NAV has averaged more than 17% in the last 6 months though, offering enough appeal to go with this active manager. There is scope for the discount to contract substantially in the event of a bullish run in South Korean stocks. Aside from that, a discount of this magnitude continuing throughout 2024 may lead to more pressure from activists. How did South Korean stocks perfor
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KF
Sec Filings
- 3/6/24 - Form 40-17F2
- 3/4/24 - Form N-CSRS
- 2/27/24 - Form NPORT-P
- KF's page on the SEC website