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

KOSPI 200 Ad Hoc Rebalance for Meritz Securities: DGB Financial Will Be Added

KOSPI 200 Ad-Hoc Change: Hyundai Greenfood Out & Samyang Foods Fresh Buy-In on April 10

Meritz Merger Approved: Let's Now Discuss Key Dates & Entry Points For LONG DGB Financial

Discussing Why Meritz Swap Spread Not Being Narrowed & When to Enter

Meritz Merger Event: Swap Conditions, Spread Arb Trade, & K200 Flow Implementation

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Clepsydra Capital

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

Event-Driven

<ul>
<li>KOSPI 200 ETFs will have to sell Meritz FIRE and buy Meritz FINANCIAL at the close on January 27. JB Financial, the top reserved issue, will replace FIRE.</li>
<li>We should consider a Long Short for two Meritz companies just before the 27th. As a follow-up setup, we should aim for a potential widening of the swap arb spread.</li>
<li>As for the Long JB Financial, I would set the entry timing one week towards the implementation at the latest and look into Kodex Banks ETF (091170) for a hedge.</li>
</ul>


KOSPI 200 ETFs will have to sell Meritz FIRE and buy Meritz FINANCIAL at the close on January 27. JB Financial, the top reserved issue, will replace FIRE.
We should consider a Long Short for two Meritz companies just before the 27th. As a follow-up setup, we should aim for a potential widening of the swap arb spread.
As for the Long JB Financial, I would set the entry timing one week towards the implementation at the latest and look into Kodex Banks ETF (091170) for a hedge.


Meritz Fire & Marine Insurance (000060 KS)

K200 ETFs' Swap Trading on Meritz & Fresh Buy-In JB Financial on Jan 27

Jb Financial Group

K200 ETFs' Swap Trading on Meritz & Fresh Buy-In JB Financial on Jan 27