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: ESOP Lockup Release (3.5% of SO) & Contrarian Approach Targeting NPS

KOSPI 200 Rebalancing Early Preview: Few Names Stand Out

Misunderstandings & Truth About Samchully & Daesung Holdings Entering KOSPI 200

KOSPI 200 & KOSDAQ 150 Constituent Changes: Several Surprises

KOSPI 200 Up/Down Weights: Official Results & Passive Impacts on T-1 Effective

Why I Estimate Total Local Passive Money Tracking KOSPI 200 at ₩80T? Here Is a Breakdown

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>We should set the minimum level of the target size to estimate the flow impact on T-1 Effective at ₩15T from ETFs.</li>
<li>We then need to pay attention to the recent trend that an additional flow from NPS appears post-Effective, with a significant portion on T+1~3.</li>
<li>We should revise down our expected rate of return on our early-phase setup aiming at the preemptive trading (T-6W Effective) by NPS.</li>
</ul>


We should set the minimum level of the target size to estimate the flow impact on T-1 Effective at ₩15T from ETFs.
We then need to pay attention to the recent trend that an additional flow from NPS appears post-Effective, with a significant portion on T+1~3.
We should revise down our expected rate of return on our early-phase setup aiming at the preemptive trading (T-6W Effective) by NPS.


KOSPI 200 Passive Flow Breakdown, Feat. NPS Size & Trade Window Pattern

LG Energy Solution

KOSPI 200 Passive Flow Breakdown, Feat. NPS Size & Trade Window Pattern