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

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Impact Analysis of Celltrion's KOSPI Move on KOSPI 200 and KOSDAQ 150

KRX 300 - Selection Process Summary & Current Mood

Thematic (Sector/Industry)

South korea Consumer discretionary / Thematic (Sector/Industry)

<p>The early success of KRX 300 really depends on how much the Korea NPS will be committed to this KRX 300. That is, will they really use the KRX 300 as their new benchmark index instead of the KOSPI 200? This will be the key question. So far, neither the Korea NPS nor the government is saying about any forceful measure to make the NPS embrace the KRX 300 as a new benchmark index. So, it is too early to say whether the KRX 300 will replace the KOSPI 200 or not.</p><p>However, Korea's local asset management firms seem to be making a move on this KRX 300. We are already seeing the first KRX 300 index ETF, which was launched by Shinhan BNP Paribas.</p><div class="content-caption">(The very first KRX 300 index ETF - Courtesy Chosun Biz)</div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/044/158/original/1.jpg?1518189618" class="editor-image img-responsive" data-smartkarma-image-id="44158"></figure><div class="content-highlight"><p><em>Here is the news article link of the very first KRX 300 index ETF.</em></p><p><em><a href="http://biz.chosun.com/site/data/html_dir/2018/02/08/2018020802594.html" target="_blank">http://biz.chosun.com/site/data/html_dir/2018/02/08/2018020802594.html</a></em></p></div><p>It is being reported that several other local asset management firms here in Korea are preparing to launch their own KRX 300 index ETFs very soon. Yes, it is still too early to tell in which way the wind will eventually blow in Korea's index fund market. But still this is an important market trend and signal that the KRX 300 won't be like its predecessors (KRX 100 and KTOP 30, which have long been completely forgotten and ignored by investors at both home and abroad).</p><p><em>* So, I provide a little more details about the KRX 300 and where it really stands compared with its direct competitors, the KOSPI 200 and the KOSDAQ 150.</em></p>

The early success of KRX 300 really depends on how much the Korea NPS will be committed to this KRX 300. That is, will they really use the KRX 300 as their new benchmark index instead of the KOSPI 200? This will be the key question. So far, neither the Korea NPS nor the government is saying about any forceful measure to make the NPS embrace the KRX 300 as a new benchmark index. So, it is too early to say whether the KRX 300 will replace the KOSPI 200 or not.However, Korea's local asset management firms seem to be making a move on this KRX 300. We are already seeing the first KRX 300 index ETF, which was launched by Shinhan BNP Paribas.(The very first KRX 300 index ETF - Courtesy Chosun Biz)Here is the news article link of the very first KRX 300 index ETF.http://biz.chosun.com/site/data/html_dir/2018/02/08/2018020802594.htmlIt is being reported that several other local asset management firms here in Korea are preparing to launch their own KRX 300 index ETFs very soon. Yes, it is still too early to tell in which way the wind will eventually blow in Korea's index fund market. But still this is an important market trend and signal that the KRX 300 won't be like its predecessors (KRX 100 and KTOP 30, which have long been completely forgotten and ignored by investors at both home and abroad).* So, I provide a little more details about the KRX 300 and where it really stands compared with its direct competitors, the KOSPI 200 and the KOSDAQ 150.

Complete List of KRX 300 Members with Float Rate - Comparisons with KOSPI 200 & KOSDAQ 150