This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ETF for New Smartphone King

NEW YORK ( TheStreet) -- Samsung released its quarterly earnings performance report on Friday, and on the surface the numbers were decent. Despite seeing an earnings dip over the past three months, the company managed to beat analyst expectations.

Digging deeper, however, investors can uncover some impressive news regarding the firm's smartphone division. Although Samsung is still considered a relative newcomer to the industry, the company's products have taken off in popularity.

In fact, over the past quarter, Samsung managed to usurp the throne from Apple (AAPL - Get Report) to become the world's leading player in the industry, with 24% market share. According to a Reuters report, Samsung shipped nearly 28 million units over the past three months, handedly outpacing Apple's 17 million units.

This shakeup is exciting, and it will be interesting to see if Samsung can maintain its position at the top over the long run. In the near term, there are ways investors can target the new king of the smartphone industry.

For ETF investors looking for ample exposure to the Korea-based conglomerate, few products can compare to the iShares MSCI South Korea Index Fund (EWY). This fund is designed to provide investors with broad exposure to the South Korean marketplace, spreading its assets across a pool of more than 100 different names across the market spectrum.

Companies like Hyundai, Posco (PKX - Get Report) and Shinhan Financial Group (SHG - Get Report) each represent respectable slices of the fund's index. However, Samsung Electronics is the firm that will likely drive much of the fund's day-to-day action over time. Alone, this company accounts for more than 17% of the fund's assets.

Like many other nations, South Korea's marketplace struggled in August and September as the European crisis and fears of a Chinese hard landing weighed heavily on investor confidence. As global fears have waned over the past month, however, shares of EWY have had an impressive rebound. Since the start of October, the fund has been on a steep upward trajectory, breaking through to levels last seen in early August.

This action has aided the fund's positioning within our short-term momentum rankings. News of Samsung's newfound dominance in the smartphone industry may be enough to fuel the fund higher in the days ahead.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
EWY $51.50 -2.10%
AAPL $95.18 1.64%
PKX $49.03 -1.50%
SHG $34.94 -2.40%
FB $117.44 -0.95%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs