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But it could also reflect their economic and political situation to some extent. Little growth in recent years, weak growth forecast. At least as far as I've been able to quickly read through it. There are also political risks with North Korea and the possibility of being crushed in a trade dispute between the USA and China. What do you think?
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@SchlaubiSchlumpf Exactly that, everything is already included in the ratings, what else is there to come? 🤓
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@PowerWordChill That's what I mean.
Is it really cheap, or just adequately priced in is the question.
The risks could materialize and the outlook could deteriorate further as a result. The opportunity would be if the risks develop well and do not materialize, or only to a lesser extent.
Is it really cheap, or just adequately priced in is the question.
The risks could materialize and the outlook could deteriorate further as a result. The opportunity would be if the risks develop well and do not materialize, or only to a lesser extent.
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@SchlaubiSchlumpf you said it well, but you could also just call it a value. 😅
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@PowerWordChill Value as in value investing? Yes, I guess you could say that. Sorry, it's obvious that I was a risk manager for a while. I was totally confused for a moment😅 but that's true. Whereby my question concerned this specific case, whether you see any particular opportunities here.
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@SchlaubiSchlumpf I actually bought it because the Korean market is very cheap right now, even compared to its own history.
https://worldperatio.com/
What's more, there is far too little exposure to South Korea in a global portfolio. Especially compared to its actual economic relevance.
In my case, I also cover the emerging markets partly with Invesco products.
However, they have not classified South Korea as an emerging market.
In other words, I have less than I would like to have.
It is quite possible that they are fairly valued at the moment and the discounts are justified. But personally, as a long-term investment, I'd rather buy South Korea at a fair price than the US with a sporting premium + strong dollar. 😘
https://worldperatio.com/
What's more, there is far too little exposure to South Korea in a global portfolio. Especially compared to its actual economic relevance.
In my case, I also cover the emerging markets partly with Invesco products.
However, they have not classified South Korea as an emerging market.
In other words, I have less than I would like to have.
It is quite possible that they are fairly valued at the moment and the discounts are justified. But personally, as a long-term investment, I'd rather buy South Korea at a fair price than the US with a sporting premium + strong dollar. 😘
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@PowerWordChill You always have interesting thoughts. I also have the $PEH ! The more you know... whether it becomes necessary to trade on it is of course another matter, as factor investing also works if you don't cover all corners of the world market, but the inner Monk twitches of course. 😁
And yes I'm not keen on seeing my US exposure that high either. At 53% (within the ETFs, not total portfolio) it's okay. I guess the only question would be whether it's worth it for 1-2% of the portfolio 😁
And yes I'm not keen on seeing my US exposure that high either. At 53% (within the ETFs, not total portfolio) it's okay. I guess the only question would be whether it's worth it for 1-2% of the portfolio 😁
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@SchlaubiSchlumpf depends on what you mean by rewarding, it's fun for me, ergo it's not work 😅
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@PowerWordChill yes, in the end it depends on whether you feel like adjusting your portfolio. Since 1-2% Korea would probably have a marginal impact, I tend to leave it alone. EM as a whole is very cheap at the moment. Whereby Korea has a unique selling point for me - Korea is quite developed in some respects. And Korea would actually be very cheap for that 🤔
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