Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

<ul><li>Taiwan cable cut near China raises concerns about geopolitical tensions and gray zone tactics in the region.</li><li>Samsung Electro-Mechanics and SoulBrain's collaboration on advanced glass substrates aims for mass production by 2027.</li><li>India drives semiconductor aspirations with GaN and SiC technology, showcasing its commitment to technological advancements in the industry.</li></ul>

Taiwan cable cut near China raises concerns about geopolitical tensions and gray zone tactics in the region.Samsung Electro-Mechanics and SoulBrain's collaboration on advanced glass substrates aims for mass production by 2027.India drives semiconductor aspirations with GaN and SiC technology, showcasing its commitment to technological advancements in the industry.

Tech Supply Chain Tracker (23-Jan-2025): Taiwan cable cut raises concerns.

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>The rebalancing trade of the <strong>WISE Secondary Cell ETF</strong> will take place tomorrow, <strong>January 13 (Thursday), supposedly at the close</strong>.</li>
<li>Those names with a significant passive impact among the stocks with a daily trading amount of +US$10M are: <strong>SKIET +0.71x ADTV, POSCO Chemical +0.46x ADTV, &amp; SoulBrain: -0.69x ADTV </strong>
</li>
<li>
<strong>The most likely new addition is Enchem (348370)</strong> with <strong>a passive impact of 0.60x ADTV</strong>. So, I expect a significant level of price action tomorrow.</li>
</ul>


The rebalancing trade of the WISE Secondary Cell ETF will take place tomorrow, January 13 (Thursday), supposedly at the close.
Those names with a significant passive impact among the stocks with a daily trading amount of +US$10M are: SKIET +0.71x ADTV, POSCO Chemical +0.46x ADTV, &amp; SoulBrain: -0.69x ADTV 


The most likely new addition is Enchem (348370) with a passive impact of 0.60x ADTV. So, I expect a significant level of price action tomorrow.


TIGER Secondary Cell ETF Rebalancing Trading on January 13

<p>The quarterly rebalancing of the WISE Secondary Cell Index is this Friday. So, rebalancing trading takes place this Thursday at the close.</p><div class="content-highlight"><ul>
<li><strong>The TIGER ETF (305540) is the only ETF that tracks this index. However, the recent AUM has risen sharply, and as of yesterday's closing price, the AUM is approaching KRW 1 trillion.</strong></li>
<li><strong>There is no add (or delete) in this rebalancing that will cause a substantial passive impact like SKIET in the previous rebalancing.</strong></li>
<li><strong>But the AUM is massive, so the level of stock price fluctuations potentially resulting from index weight changes is expected to be large enough to deserve our attention.</strong></li>
</ul></div><table class="table table-striped">
<colgroup>
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr><td colspan="2" data-sheets-value='{"1":2,"2":"Index summary"}'>Index summary</td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Index name"}'>Index name</td>
<td data-sheets-value='{"1":2,"2":"Wise Secondary Cell"}'><div><div>Wise Secondary Cell</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ETF"}'>ETF</td>
<td data-sheets-value='{"1":2,"2":"Mirae Asset TIGER Secondary Cell ETF"}' data-sheets-formula='=googlefinance(R[1]C[0], "name")'><div><div>Mirae Asset TIGER Secondary Cell ETF</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Ticker"}'>Ticker</td>
<td data-sheets-value='{"1":2,"2":"305540"}' data-sheets-formula='="305540"'>305540</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"AUM"}'><strong>AUM</strong></td>
<td data-sheets-value='{"1":3,"3":999.267}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B","3":1}' data-sheets-formula="=R[1]C[0]*R[2]C[0]/1000000000"><strong>₩999.3B</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SO"}'><strong>SO</strong></td>
<td data-sheets-value='{"1":3,"3":44650000}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'><strong>44,650,000</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Number of constituents"}'>Number of constituents</td>
<td data-sheets-value='{"1":3,"3":26}' data-sheets-numberformat='{"1":2,"2":"#,##0"}'>26</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Weight type"}'>Weight type</td>
<td data-sheets-value='{"1":2,"2":"Float-adjusted market cap"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}'><div><div>Float-adjusted market cap</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Cap"}'>Cap</td>
<td data-sheets-value='{"1":3,"3":0.1}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>10.00%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Rebalancing cycle"}'>Rebalancing cycle</td>
<td data-sheets-value='{"1":2,"2":"Quarterly"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}'>Quarterly</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Rebalancing month"}'>Rebalancing month</td>
<td data-sheets-value='{"1":2,"2":"January, April, July, and October"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}'><div><div>January, April, July, and October</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Announcement date"}'>Announcement date</td>
<td data-sheets-value='{"1":2,"2":"Only ETF operator is notified"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}'><div><div>Only ETF operator is notified</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Implementation date"}'>Implementation date</td>
<td data-sheets-value='{"1":2,"2":"The trading day following the option expiration dates"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}'><div><div>The trading day following the option expiration dates</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Next implementation date"}'>Next implementation date</td>
<td data-sheets-value='{"1":2,"2":"October 15, 2021"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}'><div><div>October 15, 2021</div></div></td>
</tr>
<tr><td colspan="2"><div><div></div></div></td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Rebalancing trading"}'><strong>Rebalancing trading</strong></td>
<td data-sheets-value='{"1":2,"2":"At the close on October 14, 2021"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}'><div><div><strong>At the close on October 14, 2021</strong></div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Screening base date"}'><strong>Screening base date</strong></td>
<td data-sheets-value='{"1":2,"2":"The last trading day of the month preceding the date of regular rebalancing"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}'><div><div><strong>The last trading day of the month preceding the date of regular rebalancing</strong></div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Screening period"}'><strong>Screening period</strong></td>
<td data-sheets-value='{"1":2,"2":"The three months preceding the screening base date"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}'><div><div><strong>The three months preceding the screening base date</strong></div></div></td>
</tr>
<tr><td colspan="2" data-sheets-value='{"1":2,"2":"Source: KRX &amp; TIGER ETF"}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.0B"}' data-sheets-formula="=PDF!R[9]C[0]">Source: KRX &amp; TIGER ETF</td></tr>
</tbody>
</table>

The quarterly rebalancing of the WISE Secondary Cell Index is this Friday. So, rebalancing trading takes place this Thursday at the close.
The TIGER ETF (305540) is the only ETF that tracks this index. However, the recent AUM has risen sharply, and as of yesterday's closing price, the AUM is approaching KRW 1 trillion.
There is no add (or delete) in this rebalancing that will cause a substantial passive impact like SKIET in the previous rebalancing.
But the AUM is massive, so the level of stock price fluctuations potentially resulting from index weight changes is expected to be large enough to deserve our attention.






Index summary

Index name
Wise Secondary Cell


ETF
Mirae Asset TIGER Secondary Cell ETF


Ticker
305540


AUM
₩999.3B


SO
44,650,000


Number of constituents
26


Weight type
Float-adjusted market cap


Cap
10.00%


Rebalancing cycle
Quarterly


Rebalancing month
January, April, July, and October


Announcement date
Only ETF operator is notified


Implementation date
The trading day following the option expiration dates


Next implementation date
October 15, 2021



Rebalancing trading
At the close on October 14, 2021


Screening base date
The last trading day of the month preceding the date of regular rebalancing


Screening period
The three months preceding the screening base date

Source: KRX &amp; TIGER ETF



TIGER WISE Secondary Cell Index: October 14 Rabalancing Trading

<p>The rebalancing trading of the TIGER WISE Secondary Cell ETF, one of the local rechargeable battery ETFs, is scheduled for <strong>October 14th</strong>.</p><p>This ETF rebalances every quarter. It has a total of 26 constituent stocks, with an AUM of ₩734.4B as of last Friday's closing price. The index weight is determined based on the float-adjusted market cap, and the cap is 10%.</p><table class="table table-striped">
<colgroup>
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Index summary"}'>Index summary</td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Index name"}'>Index name</td>
<td data-sheets-value='{"1":2,"2":"Wise Secondary Cell"}'><div><div>WISE Secondary Cell</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ETF"}'>ETF</td>
<td data-sheets-value='{"1":2,"2":"Mirae Asset TIGER Secondary Cell ETF"}' data-sheets-formula='=googlefinance(R[1]C[0], "name")'><div><div>Mirae Asset TIGER Secondary Cell ETF</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Ticker"}'>Ticker</td>
<td data-sheets-value='{"1":2,"2":"305540"}' data-sheets-formula='="305540"'>305540</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"AUM"}'><strong>AUM</strong></td>
<td data-sheets-value='{"1":3,"3":734.36175}' data-sheets-numberformat='[null,2,"₩#,##0.0B",1]' data-sheets-formula="=R[1]C[0]*R[2]C[0]/1000000000"><strong>₩734.4B</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Price"}'>Price</td>
<td data-sheets-value='{"1":3,"3":22355}' data-sheets-numberformat='[null,4,"[$₩]#,##0",1]' data-sheets-formula='=googlefinance(R[-2]C[0], "price")'>₩22,355</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SO"}'>SO</td>
<td data-sheets-value='{"1":3,"3":32850000}' data-sheets-numberformat='[null,2,"#,##0",1]'>32,850,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Number of constituents"}'>Number of constituents</td>
<td data-sheets-value='{"1":3,"3":26}' data-sheets-numberformat='{"1":2,"2":"#,##0"}'>26</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Weight type"}'><strong>Weight type</strong></td>
<td data-sheets-value='{"1":2,"2":"Float-adjusted market cap"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div><strong>Float-adjusted market cap</strong></div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Cap"}'><strong>Cap</strong></td>
<td data-sheets-value='{"1":3,"3":0.1}' data-sheets-numberformat='[null,3,"0.00%",1]'><strong>10.00%</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Fast entry"}'>Fast entry</td>
<td data-sheets-value='{"1":2,"2":"Yes (a minimum holding period of 30 days)"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div>Yes (a minimum holding period of 30 days)</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Rebalancing cycle"}'>Rebalancing cycle</td>
<td data-sheets-value='{"1":2,"2":"Quarterly"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'>Quarterly</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Rebalancing month"}'>Rebalancing month</td>
<td data-sheets-value='{"1":2,"2":"January, April, July, and October"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div>January, April, July, and October</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Announcement date"}'>Announcement date</td>
<td data-sheets-value='{"1":2,"2":"Only ETF operator is notified"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div>Only ETF operator is notified</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Implementation date"}'>Implementation date</td>
<td data-sheets-value='{"1":2,"2":"The trading day following the option expiration dates"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div>The trading day following the option expiration dates</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Next implementation date"}'><strong>Next implementation date</strong></td>
<td data-sheets-value='{"1":2,"2":"October 15, 2021"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div><strong>October 15, 2021</strong></div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Rebalancing trading"}'><strong>Rebalancing trading</strong></td>
<td data-sheets-value='{"1":2,"2":"At the close on October 14, 2021"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div><strong>At the close on October 14, 2021</strong></div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Screening base date"}'>Screening base date</td>
<td data-sheets-value='{"1":2,"2":"The last trading day of the month preceding the date of regular rebalancing"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div>The last trading day of the month preceding the date of regular rebalancing</div></div></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Screening period"}'>Screening period</td>
<td data-sheets-value='{"1":2,"2":"The three months preceding the screening base date"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div>The three months preceding the screening base date</div></div></td>
</tr>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Source: KRX &amp; TIGER ETF"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]' data-sheets-formula="=PDF!R[9]C[0]">Source: KRX &amp; TIGER ETF</td></tr>
</tbody>
</table><p>This index selects stocks with sales of ₩200B or more or 50% or more of total sales related to rechargeable batteries based on keyword analysis on local brokerage reports and company quarterly/annual reports published on DART.</p><p><strong>Therefore, the flexibility of changing constituent stocks is much lower than that of the Samsung KODEX Secondary Battery Industry ETF that uses the scoring system.</strong></p><p><strong>In addition, as no rechargeable battery stocks have been newly listed for the past three months, there will be no stock changes in this rebalancing. Only index weight will change. </strong></p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/230/919/original/1.png?1632173660" class="editor-image img-responsive" data-smartkarma-image-id="230919"></figure></section>

The rebalancing trading of the TIGER WISE Secondary Cell ETF, one of the local rechargeable battery ETFs, is scheduled for October 14th.This ETF rebalances every quarter. It has a total of 26 constituent stocks, with an AUM of ₩734.4B as of last Friday's closing price. The index weight is determined based on the float-adjusted market cap, and the cap is 10%.





Index summary

Index name
WISE Secondary Cell


ETF
Mirae Asset TIGER Secondary Cell ETF


Ticker
305540


AUM
₩734.4B


Price
₩22,355


SO
32,850,000


Number of constituents
26


Weight type
Float-adjusted market cap


Cap
10.00%


Fast entry
Yes (a minimum holding period of 30 days)


Rebalancing cycle
Quarterly


Rebalancing month
January, April, July, and October


Announcement date
Only ETF operator is notified


Implementation date
The trading day following the option expiration dates


Next implementation date
October 15, 2021


Rebalancing trading
At the close on October 14, 2021


Screening base date
The last trading day of the month preceding the date of regular rebalancing


Screening period
The three months preceding the screening base date

Source: KRX &amp; TIGER ETF

This index selects stocks with sales of ₩200B or more or 50% or more of total sales related to rechargeable batteries based on keyword analysis on local brokerage reports and company quarterly/annual reports published on DART.Therefore, the flexibility of changing constituent stocks is much lower than that of the Samsung KODEX Secondary Battery Industry ETF that uses the scoring system.In addition, as no rechargeable battery stocks have been newly listed for the past three months, there will be no stock changes in this rebalancing. Only index weight will change. 

TIGER WISE Secondary Cell Rebalancing Preview (October 14)

Index Rebalance

<p>As expected, the WISE Secondary Cell Index rebalancing had only one addition (SK IE Technology) and one deletion (Ecopro HN).</p><table class="table table-striped">
<colgroup>
<col width="100">
<col width="100">
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td style="width: 185.739px;" data-sheets-value='{"1":2,"2":"WISE Secondary Cell Index tracking ETFs"}'>WISE Secondary Cell Index tracking ETFs</td>
<td style="text-align: right; width: 102.401px;" data-sheets-value='{"1":2,"2":"Index weight on July 8"}'>Index weight on July 8</td>
<td style="text-align: right; width: 108.423px;" data-sheets-value='{"1":2,"2":"Index weight on July 9"}'>Index weight on July 9</td>
<td style="text-align: right; width: 117.457px;" data-sheets-value='{"1":2,"2":"Weight change"}'>Rebalancing weight change</td>
<td style="text-align: right; width: 116.463px;" data-sheets-value='{"1":2,"2":"Passive flow impact over 30-day ADTV"}'>Passive flow impact over 30-day ADTV</td>
<td style="text-align: right; width: 115.526px;" data-sheets-value='{"1":2,"2":"Note"}'>Note</td>
</tr>
<tr>
<td style="width: 185.739px;" data-sheets-value='{"1":2,"2":"SK IE Technology Co Ltd"}'><strong>SK IE Technology Co Ltd</strong></td>
<td style="text-align: right; width: 102.401px;" data-sheets-value='{"1":3,"3":0}' data-sheets-numberformat='[null,3,"0.00%",1]'>0.00%</td>
<td style="text-align: right; width: 108.423px;" data-sheets-value='{"1":3,"3":0.103}' data-sheets-numberformat='[null,3,"0.00%",1]'><strong>10.30%</strong></td>
<td style="text-align: right; width: 117.457px;" data-sheets-value='{"1":3,"3":0.103}' data-sheets-numberformat='[null,3,"0.00%p",1]'><strong>10.30%p</strong></td>
<td style="text-align: right; width: 116.463px;" data-sheets-value='{"1":3,"3":0.8322826815876188}' data-sheets-numberformat='[null,2,"#,##0.00x",1]'>0.83x</td>
<td style="text-align: right; width: 115.526px;" data-sheets-value='{"1":2,"2":"Add"}'>Add</td>
</tr>
<tr>
<td style="width: 185.739px;" data-sheets-value='{"1":2,"2":"Ecopro HN Co Ltd"}'><strong>Ecopro HN Co Ltd</strong></td>
<td style="text-align: right; width: 102.401px;" data-sheets-value='{"1":3,"3":0.0192}' data-sheets-numberformat='[null,3,"0.00%",1]'>1.92%</td>
<td style="text-align: right; width: 108.423px;" data-sheets-value='{"1":3,"3":0}' data-sheets-numberformat='[null,3,"0.00%",1]'><strong>0.00%</strong></td>
<td style="text-align: right; width: 117.457px;" data-sheets-value='{"1":3,"3":-0.0192}' data-sheets-numberformat='[null,3,"0.00%p",1]'><strong>-1.92%p</strong></td>
<td style="text-align: right; width: 116.463px;" data-sheets-value='{"1":3,"3":-1.410787207953604}' data-sheets-numberformat='[null,2,"#,##0.00x",1]'>-1.41x</td>
<td style="text-align: right; width: 115.526px;" data-sheets-value='{"1":2,"2":"Delete"}'>Delete</td>
</tr>
<tr><td colspan="6" rowspan="1" style="width: 746.008px;" data-sheets-value='{"1":2,"2":"Source: KRX &amp; WISE Index"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'>Source: KRX &amp; WISE Index</td></tr>
</tbody>
</table><p>The WISE rechargeable battery theme index is calculated using a market capitalization-weighted method using AI keyword analysis for stocks published by securities companies. If the stock has a market cap of 10% or more, the weight is reset at the 10% ceiling in the quarterly rebalancing, which is the day after the option expiration date in January, April, July, and October.</p><p>Unlike the FnGuide Secondary Battery Industry Index, which uses a scoring system to take a more active approach to change constituent stocks, the WISE Secondary Cell Index adopts a comprehensive selection method. So, the selection of excluded stocks is not as flexible.</p><p><strong>There is currently one ETF tracking the index, with an AUM of ₩853.8B as of last Friday's close.</strong></p><table class="table table-striped">
<colgroup>
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr><td colspan="2" style="width: 746.008px;" data-sheets-value='{"1":2,"2":"Rebalancing schedule"}'>Index &amp; ETF summary</td></tr>
<tr>
<td style="width: 255px;" data-sheets-value='{"1":2,"2":"Rebalancing cycle"}'>Rebalancing cycle</td>
<td style="width: 491.009px;" data-sheets-value='{"1":2,"2":"Quarterly"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'>Quarterly</td>
</tr>
<tr>
<td style="width: 255px;" data-sheets-value='{"1":2,"2":"Rebalancing month"}'>Rebalancing month</td>
<td style="width: 491.009px;" data-sheets-value='{"1":2,"2":"January, April, July, and October"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div>January, April, July, and October</div></div></td>
</tr>
<tr>
<td style="width: 255px;" data-sheets-value='{"1":2,"2":"Implementation date"}'>Implementation date</td>
<td style="width: 491.009px;" data-sheets-value='{"1":2,"2":"The trading day following the option expiration dates"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div>The trading day following the option expiration dates</div></div></td>
</tr>
<tr>
<td style="width: 255px;" data-sheets-value='{"1":2,"2":"Screening base date"}'>Screening base date</td>
<td style="width: 491.009px;" data-sheets-value='{"1":2,"2":"The last trading day of the month preceding the date of regular rebalancing"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'><div><div>The last trading day of the month preceding the date of regular rebalancing</div></div></td>
</tr>
<tr>
<td style="width: 255px;" data-sheets-value='{"1":2,"2":"ETF"}'><strong>ETF</strong></td>
<td style="width: 491.009px;" data-sheets-value='{"1":2,"2":"Mirae Asset TIGER Secondary Cell ETF"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]' data-sheets-formula="=R[6]C[-1]"><div><div><strong>Mirae Asset TIGER Secondary Cell ETF</strong></div></div></td>
</tr>
<tr>
<td style="width: 255px;" data-sheets-value='{"1":2,"2":"Ticker"}'><strong>Ticker</strong></td>
<td style="width: 491.009px;" data-sheets-value='{"1":3,"3":305540}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]' data-sheets-formula="=R[5]C[0]"><strong>305540</strong></td>
</tr>
<tr>
<td style="width: 255px;" data-sheets-value='{"1":2,"2":"AUM"}'><strong>AUM</strong></td>
<td style="width: 491.009px;" data-sheets-value='{"1":3,"3":853.828}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]' data-sheets-formula="=R[4]C[1]"><strong>₩853.8B</strong></td>
</tr>
<tr><td colspan="2" style="width: 746.008px;" data-sheets-value='{"1":2,"2":"Source: KRX &amp; WISE Index"}' data-sheets-numberformat='[null,2,"₩#,##0.0B"]'>Source: KRX &amp; WISE Index</td></tr>
</tbody>
</table>

As expected, the WISE Secondary Cell Index rebalancing had only one addition (SK IE Technology) and one deletion (Ecopro HN).










WISE Secondary Cell Index tracking ETFs
Index weight on July 8
Index weight on July 9
Rebalancing weight change
Passive flow impact over 30-day ADTV
Note


SK IE Technology Co Ltd
0.00%
10.30%
10.30%p
0.83x
Add


Ecopro HN Co Ltd
1.92%
0.00%
-1.92%p
-1.41x
Delete

Source: KRX &amp; WISE Index

The WISE rechargeable battery theme index is calculated using a market capitalization-weighted method using AI keyword analysis for stocks published by securities companies. If the stock has a market cap of 10% or more, the weight is reset at the 10% ceiling in the quarterly rebalancing, which is the day after the option expiration date in January, April, July, and October.Unlike the FnGuide Secondary Battery Industry Index, which uses a scoring system to take a more active approach to change constituent stocks, the WISE Secondary Cell Index adopts a comprehensive selection method. So, the selection of excluded stocks is not as flexible.There is currently one ETF tracking the index, with an AUM of ₩853.8B as of last Friday's close.





Index &amp; ETF summary

Rebalancing cycle
Quarterly


Rebalancing month
January, April, July, and October


Implementation date
The trading day following the option expiration dates


Screening base date
The last trading day of the month preceding the date of regular rebalancing


ETF
Mirae Asset TIGER Secondary Cell ETF


Ticker
305540


AUM
₩853.8B

Source: KRX &amp; WISE Index



WISE Battery Index Rebalancing Results & What's Next in the Upcoming Rebalancing

South Korea

Soulbrain Holdings Co., Ltd. manufactures, sells, and trades semiconductor related chemicals.  The Company's products include a line of Chemical Vapor Deposition (CVD) such as tetraethyl ortho-silicate (TEOS) and etchants.  TechnoSemiChem also produces and distributes chemicals used in liquid crystal display (LCD) and fiber optics processing.

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