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

LG Energy Flow Crunch with Additional Passives: K200/MSCI Up-Weight & LIT Inclusion

TIGER (FnGuide) Top 10 ETF Rebalancing: Noteworthy Changes Emerging

KOSPI 200 Rebalancing: Recent Changes in the Race

A Thorough Guide to KOSPI 200 & KOSDAQ 150 Rebalancing Calculations

Merged Lotte Confectionery: Nearly Guaranteed Early Bird for KOSPI 200 Inclusion

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>Although not many, there are strong candidates for a safe play aimed at constituent change. Inclusion: <strong>Lotte Confectionery</strong> &amp; Exclusion: <strong>Samyang Holdings</strong>
</li>
<li>Lotte Confectionery's average daily market cap must fall by more than 30% to be pushed out of the borderline. Samyang Holdings's market cap gap to the second-lowest one is 17%.</li>
<li>The trading volume of these two is so small that a significant passive impact (relative to DTV) will likely occur. We should consider a little more aggressive approach, timing-wise.</li>
</ul>


Although not many, there are strong candidates for a safe play aimed at constituent change. Inclusion: Lotte Confectionery &amp; Exclusion: Samyang Holdings

Lotte Confectionery's average daily market cap must fall by more than 30% to be pushed out of the borderline. Samyang Holdings's market cap gap to the second-lowest one is 17%.
The trading volume of these two is so small that a significant passive impact (relative to DTV) will likely occur. We should consider a little more aggressive approach, timing-wise.


Samyang Holdings

KOSPI 200 December Rebalancing Safe Play