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

TIGER Battery Material ETF Rebal in December: Notable Changes in Constituent Screening

Clepsydra Capital

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

Event-Driven

<ul>
<li>In the inaugural constituent selection, FnGuide revealed a noteworthy pattern. Given the smaller market capitalization of the electrolyte suppliers, FnGuide has included only the largest among them in this ETF.</li>
<li>SoulBrain, categorized by FnGuide as an electrolyte supplier like Chunbo, has significantly outperformed Chunbo. As a result, there is a considerable likelihood that SoulBrain will replace Chunbo in December.</li>
<li>The price impact from ETF rebalancing trading has disappeared substantially in Korea. We should focus on the first rebalancing of newly listed ETFs that haven't yet established a learning effect.</li>
</ul>


In the inaugural constituent selection, FnGuide revealed a noteworthy pattern. Given the smaller market capitalization of the electrolyte suppliers, FnGuide has included only the largest among them in this ETF.
SoulBrain, categorized by FnGuide as an electrolyte supplier like Chunbo, has significantly outperformed Chunbo. As a result, there is a considerable likelihood that SoulBrain will replace Chunbo in December.
The price impact from ETF rebalancing trading has disappeared substantially in Korea. We should focus on the first rebalancing of newly listed ETFs that haven't yet established a learning effect.


Mirae Asset TIGER Secondary Cell ETF (305540 KS)

MIRAE ASSET TIGER Secondary Battery Material ETF (462010 KS)

MIRAE ASSET TIGER Secondary Battery Material ETF

SAMSUNG KODEX Secondary Battery Core Materials 10 Fn ETF (461950 KS)

SAMSUNG KODEX Secondary Battery Core Materials 10 Fn ETF

Overlooked by the Market: A Compelling Long Short Opportunity in Newly-Listed ETF Rebal in Korea

Soulbrain

Overlooked by the Market: A Compelling Long Short Opportunity in Newly-Listed ETF Rebal in Korea