MKOR.P Hits New 52-Week High at $27.16 Amidst Negative Fund Flows

The Matthews Korea Active ETF (MKOR.P) is designed to actively manage a portfolio of large- and mid-cap South Korean companies that have been fundamentally screened for sustainable growth. As of today, the ETF reached a new high of 27.16. However, it has experienced negative fund flows, with a total outflow of approximately $9,230.19, which indicates that investors may be pulling back from this ETF despite its performance. Notably, block and extra-large orders also showed outflows of $5,753.56 and $1,766.81, respectively.

Currently, there are no specific search results that indicate the reasons behind the ETF's new high.

From a technical standpoint, there are no significant signals indicating a golden cross or a dead cross, nor are there signs of being overbought or oversold in terms of the RSI. This suggests that the ETF is currently moving within a stable range without extreme sentiments influencing its price action.

While the Matthews Korea Active ETF has achieved a new high, the negative fund flows present a challenge for investors. The outflows may indicate that investors are uncertain about the ETF's future performance, despite its current valuation. However, the focus on sustainable growth in South Korean companies could present opportunities for long-term investors who believe in the market's potential.