South Korea ETF (EWY) dominates global equity flows, outpacing US
South Korea's EWY now accounts for ~14% of all global equity ETF volume, per Goldman Sachs. Traders are rotating out of crowded US mega-cap positions into Asian growth stories and Korean semiconductors, signaling a shift in positioning as Iran war uncertainty fades.
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Top 10 names now over 38% of the S&P 500. What that means for SPY holders, passive flows and tail risk.