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.

Thematic (Sector/Industry)

South korea Chemicals / Thematic (Sector/Industry)

<ul>
<li>Money is again pouring into local rechargeable battery-themed ETFs. The AUMs of the major battery ETFs have increased by 20-35% over the past month.</li>
<li>The passive flow added in the past month to x ADTV was significant. The increase in the ETF AUM must have acted as a factor that aggravated the sector rally.</li>
<li>The current rally will closely correlate with AUM's growth pace. A 10% increase in AUM introduces a passive flow, on average, equivalent to 0.3-0.4x ADTV.</li>
</ul>


Money is again pouring into local rechargeable battery-themed ETFs. The AUMs of the major battery ETFs have increased by 20-35% over the past month.
The passive flow added in the past month to x ADTV was significant. The increase in the ETF AUM must have acted as a factor that aggravated the sector rally.
The current rally will closely correlate with AUM's growth pace. A 10% increase in AUM introduces a passive flow, on average, equivalent to 0.3-0.4x ADTV.


Investigating a Surge in AUM of Local Battery ETFs & Ongoing Sector Rally