AI’s boom turns IEMG into an accidental South Korea play
Because MSCI still classifies South Korea as emerging, BlackRock’s iShares Core MSCI Emerging Markets ETF (IEMG) carries more than 12% Korean exposure, led by AI‑driven chipmakers Samsung and SK Hynix. Vanguard’s FTSE‑based VWO has zero Korea weight. The split has produced a 13‑point return gap in 2025‑26, exposing investors to a hidden AI concentration.