In today’s briefing:
- Alpha Generation Through Share Buybacks in Korea: June & July 2023
- KOSPI Size Indices – Plenty of Overlap With Other Index Flows
Alpha Generation Through Share Buybacks in Korea: June & July 2023
- In this insight, we discuss the alpha generation through companies that announced share buybacks in Korea in June and July 2023.
- We provide a list of 38 stocks in the Korean stock market that have announced share buyback programs in June and July 2023.
- The top four market cap stocks that have announced share repurchases include Celltrion Inc, Celltrion Healthcare, Hyundai Elevator, and SFA.
KOSPI Size Indices – Plenty of Overlap With Other Index Flows
- The review period for the September rebalance of the KOSPI Size Indices started 1 June and will end 31 August. The changes will be implemented at the close 7 September.
- We see 8 migrations from MidCap to LargeCap, 7 migrations from LargeCap to MidCap, 6 new adds to MidCap, and 16 migrations from SmallCap to MidCap.
- Historically, stocks migrating from SmallCap to MidCap have outperformed stocks that are migrating between other categories.
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