ISHARES MSCI SOUTH KOREA INDEX FUND $52.74 (New York symbol EWY; buy or sell through brokers) aims to track the MSCI Korea Index. The ETF’s top holdings are Samsung Electronics, 24.6%; Hyundai Motor, 3.6%; SK Hynix Semiconductor, 2.8; Shinhan Financial, 2.8%; Naver (Internet), 2.8%; Hyundai Mobis (auto parts), 2.7%; LG Chemicals, 2.4%; Kia Motors, 2.2%; KB Financial, 2.2%; AmorePacific Corp. (cosmetics), 2.1%; Korea Electric Power, 2.0%; KT&G Corp. (tobacco), 1.8%; and Posco (steel), 1.8%.

The iShares MSCI South Korea Index Fund was launched on May 9, 2000. Its expense ratio is 0.62%. South Korea has Asia’s fourth-largest economy, after China, Japan and India. It is heavily reliant on exports, but shipments to the U.S. are rebounding, offsetting weakness in Europe and China.

The steady rise of South Korea’s currency, the won, hurt its economy in 2012 and 2013 by making its goods more expensive for foreign buyers. But South Korea has cut interest rates to record lows, bringing the won back down to five-year lows against the U.S. dollar and boosting exports.

In the longer term, the country faces an aging population, with a birth rate of 1.2 children per woman, the lowest in the developed world. South Korea’s economy will likely grow by 2.6% in 2015, down from an earlier forecast of 3.1%.

That’s mostly due to an outbreak of Middle East respiratory syndrome that began in May. Now under control, MERS killed at least 36 Koreans and kept many shoppers and tourists at home.

Still, the country’s economic growth is forecast to rise as high as 3.2% in 2016, and a big stimulus program and low oil prices could push that figure higher: South Korea imports almost all of its oil, bringing in the fifth-largest amount in the world, after Germany.

iShares MSCI South Korea Index Fund is a buy for aggressive investors.