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

Clepsydra Capital

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

Event-Driven

Korea Stock Exchange KOSPI 200 / Event-Driven

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

<ul>
<li>The street suspects NPS is fast-tracking its reference portfolio in local equities, not just rebalancing to cover last year’s underweight in its Q1 2025 adjustment.</li>
<li>The passive-to-active shift is on—starting with enhanced passive, then an early ramp into event-driven and high-conviction active plays.</li>
<li>We traders should expect outsized swings in leaders and restructuring plays as NPS flows amplify moves.</li>
</ul>


The street suspects NPS is fast-tracking its reference portfolio in local equities, not just rebalancing to cover last year’s underweight in its Q1 2025 adjustment.
The passive-to-active shift is on—starting with enhanced passive, then an early ramp into event-driven and high-conviction active plays.
We traders should expect outsized swings in leaders and restructuring plays as NPS flows amplify moves.


Digging Into the Early Full Rollout of NPS’s Reference Portfolio Play