This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

ETF for New Smartphone King

Stocks in this article: AAPLEWYPKXSHG

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) 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) and Shinhan Financial Group (SHG) 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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs