In today’s briefing:
- Quiddity Leaderboard F100/250 Mar 24: Intra-Review Replacements for NETW and LXI REIT
- A 140% Increase in Share Cancellations by Korean Companies from 2021 to 2023
Quiddity Leaderboard F100/250 Mar 24: Intra-Review Replacements for NETW and LXI REIT
- In this insight, we take a look at the potential index changes for F100 and F250 in the run-up to the March 2024 index rebal event.
- Although I do not see any regular ADDs/DELs for the March 2024 rebalance, there might be one or two intra-review changes during the first quarter of 2024.
- These intra-review changes will be triggered by the completion of M&A events and it is important to know which names are leading the race to become intra-review ADDs.
A 140% Increase in Share Cancellations by Korean Companies from 2021 to 2023
- The total amount of share cancellations by Korean companies increased sharply in the past three years. Share cancellations of 6.1 trillion won in 2023 represented a 140% increase from 2021.
- Although the total amount of share cancellations of 6.1 trillion won in 2023 seems fairly large, this represented only 0.24% of total market caps of Korean companies.
- We also provide a list of seven Korean companies that have been targeted by activist investors to cancel more shares and improve corporate governance.
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