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About EWY
EWY tracks the value of 1 share of the MSCI South Korea ETF. The ETF seeks to track the investment results of an index composed of South Korean equities. The fund tracks the MSCI Korea 25/50 Index, a float-adjusted index of South Korea's largest listed companies with issuer caps that stop any single name — most notably Samsung Electronics — from dominating the fund.
On Lighter, EWY is a synthetic perpetual market with its own order book, so its mark price, funding rate and open interest can differ from the same instrument on another venue.
EWY is listed as a Lighter synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Equity Indices.
Frequently Asked Questions
- Does trading EWY give me any of the rights of owning shares in the MSCI South Korea ETF?
- No. EWY is a synthetic perpetual with no delivery mechanism or arbitrage bridge to the ETF's actual shares. It gives price exposure only — there are no shareholder rights, no dividends, no creation/redemption rights, and no claim on the underlying fund.
- Where is The iShares MSCI South Korea ETF listed, and in what currency does EWY trade?
- The iShares MSCI South Korea ETF is listed on a U.S. exchange and trades in U.S. dollars. EWY's price already reflects that USD-denominated ETF share, with no currency conversion involved.
- How is EWY different from other names, like KR200?
- EWY tracks a U.S.-listed ETF share, already priced in USD. KR200, by contrast, tracks the Korea 200 index directly at its native KRW level, with no currency conversion — two different ways of getting exposure to South Korean equities.
- What index does the MSCI South Korea ETF track?
- The fund tracks the MSCI Korea 25/50 Index — a float-adjusted index of South Korea's largest listed companies whose issuer caps stop any single name, such as Samsung Electronics, from dominating the fund.
- EWY on Lighter is a synthetic perpetual market that tracks 1 share of the MSCI South Korea ETF. It trades on Lighter, so you can go long or short without holding any units.
- EWY on Lighter is a synthetic perpetual market that tracks 1 share of the MSCI South Korea ETF. It trades on Lighter, so you can go long or short without holding any units.
- Can EWY's price on Lighter differ from the price on other venues?
- Yes. Lighter's EWY market runs its own order book, so its mark price, funding rate, and open interest can differ from the same instrument on another venue.
- What does it mean that Lighter runs its own order book?
- An order book is the live list of buy and sell orders in a market. Because EWY on Lighter has its own book, prices are set by the orders on Lighter itself rather than imported from any other market.
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