Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>The review period for the September rebalance of the KOSPI Size Indices will run from 1 June to 31 August.</li>
<li>We see 6 migrations from MidCap to LargeCap, 1 new addition to LargeCap, 6 stocks moving from SmallCap to MidCap and 3 new additions to MidCap.</li>
<li>Stocks migrating upward have outperformed stocks migrating lower. But there are still stocks trading at a Price to Book of less than 1.</li>
</ul>


The review period for the September rebalance of the KOSPI Size Indices will run from 1 June to 31 August.
We see 6 migrations from MidCap to LargeCap, 1 new addition to LargeCap, 6 stocks moving from SmallCap to MidCap and 3 new additions to MidCap.
Stocks migrating upward have outperformed stocks migrating lower. But there are still stocks trading at a Price to Book of less than 1.


KOSPI Size Indices: Potential Migrations in September Are Moving

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul><li><div class="content-highlight">In November, there was<strong> continued sector rotation</strong> in Korea, with investors selling some of the market leading IT names and buying healthcare, media &amp; telecom, and consumer stocks. The <a href="https://www.smartkarma.com/entities/24255" target="_blank" data-smartkarma-citation="entities:24255:1">Studio Dragon Corp (253450 KS)</a> IPO catapulted more than 100% from its IPO price as many investors flocked to Korean entertainment, cosmetics, and biotech-related names during the month. China also announced a partial opening up of group tours to South Korea. In addition, the Bank of Korea raised the key interest…</div></li></ul>

In November, there was continued sector rotation in Korea, with investors selling some of the market leading IT names and buying healthcare, media &amp; telecom, and consumer stocks. The Studio Dragon Corp (253450 KS) IPO catapulted more than 100% from its IPO price as many investors flocked to Korean entertainment, cosmetics, and biotech-related names during the month. China also announced a partial opening up of group tours to South Korea. In addition, the Bank of Korea raised the key interest…

Korea Stock Market Monthly Recap #20 (November 2017)

<ul><li><div class="content-highlight">
<strong>In October, there was a massive rotation into the consumer sector, and the sector ETF was up 14.4% during the month.</strong> Since the last week of September, investors have started to add significantly into the Korean consumer-related names, especially cosmetics, hotels &amp; leisure, household goods, and entertainment sectors. Much of this was driven by expectations of improving relations between China and South Korea. In fact, at end of October, there was a formal announcement made by the Chinese and…</div></li></ul>


In October, there was a massive rotation into the consumer sector, and the sector ETF was up 14.4% during the month. Since the last week of September, investors have started to add significantly into the Korean consumer-related names, especially cosmetics, hotels &amp; leisure, household goods, and entertainment sectors. Much of this was driven by expectations of improving relations between China and South Korea. In fact, at end of October, there was a formal announcement made by the Chinese and…

Korea Stock Market Monthly Recap #19 - (October 2017)

<ul>
<li>In September, our model stock portfolio was down 0.1% versus KOSPI which was up 1.3% during the same period. Starting September, we raised the cash portion to 40% of the portfolio, up from 30% in August, continuing to become more defensive in our model portfolio.  </li>
<li>Among the sector ETFs in Korea, the best performing sectors in September included <strong>IT </strong>(up 7.5%), <strong>Software &amp; Internet</strong> (up 7.3%), and <strong>Semiconductor</strong> (up 6.0%). The worst performing sectors in September included <strong>Steel </strong>(down 8.3%), <strong>Transport</strong>…</li>
</ul>


In September, our model stock portfolio was down 0.1% versus KOSPI which was up 1.3% during the same period. Starting September, we raised the cash portion to 40% of the portfolio, up from 30% in August, continuing to become more defensive in our model portfolio.  
Among the sector ETFs in Korea, the best performing sectors in September included IT (up 7.5%), Software &amp; Internet (up 7.3%), and Semiconductor (up 6.0%). The worst performing sectors in September included Steel (down 8.3%), Transport…


Korea Stock Market Monthly Recap #18 - (September 2017)

<ul>
<li>August was a good month for our model stock portfolio, which was up 1.0% versus KOSPI which was down 1.6% during the same period. At end of July, we raised the cash portion to 30% of the portfolio, up from 20%. Starting September 2017, we raise the cash portion to 40% of the total portfolio, continuing to become more defensive in our model portfolio.  </li>
<li>Among the sector ETFs in Korea, the best performing sectors in August included <strong>Energy &amp; Chemicals</strong> (up 5.5%) and <strong>Healthcare</strong> (up 3.5%). The worst…</li>
</ul>


August was a good month for our model stock portfolio, which was up 1.0% versus KOSPI which was down 1.6% during the same period. At end of July, we raised the cash portion to 30% of the portfolio, up from 20%. Starting September 2017, we raise the cash portion to 40% of the total portfolio, continuing to become more defensive in our model portfolio.  
Among the sector ETFs in Korea, the best performing sectors in August included Energy &amp; Chemicals (up 5.5%) and Healthcare (up 3.5%). The worst…


Korea Stock Market Monthly Recap #17 - (August 2017)

South Korea

E1 Corp. imports and sells liquefied petroleum gas (LPG). The Company supplies its gas to the domestic market.

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E1 Corp (017940 KS)

KOSPI Size Indices: Potential Migrations in September Are Moving

There are many changes expected for the KOSPI size indices in September. The potential upward migrations have outperformed the potential downward...

Brian Freitas

Korea Stock Market Monthly Recap #20 (November 2017)

In November, there was continued sector rotation in Korea, with investors selling some of the market leading IT names and buying healthcare, media...

Douglas Kim

Korea Stock Market Monthly Recap #19 - (October 2017)

In October, there was a massive rotation into the consumer sector, and the sector ETF was up 14.4% during the month. Since the last week of...

Douglas Kim

Korea Stock Market Monthly Recap #18 - (September 2017)

In September, our model stock portfolio was down 0.1% versus KOSPI which was up 1.3% during the same period. Starting September, we raised the...

Douglas Kim

Korea Stock Market Monthly Recap #17 - (August 2017)

August was a good month for our model stock portfolio, which was up 1.0% versus KOSPI which was down 1.6% during the same period. At end of July,...

Douglas Kim

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