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

WISE Theme Indexes (TIGER ETFs): Rebalancing Flow Estimations

SKIET Float Rate Adjustment for KOSPI 200 & MSCI Resulting from Block Deals

SK IE Technology Placement - Last Deal Didn’t Do Well, More Discount and Cleanup Should Help

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>This block deal won't lead to a float increase event. Nevertheless, it will substantially impact the rebalancing of the TIGER (WISE) Secondary Cell ETF next week.</li>
<li>A passive net inflow of up to ₩10B occurs, equivalent to 0.5x ADTV. Indeed, this level provides a significant day trade setup.</li>
<li>With today's price correction, SKIET's index weight will drop to the high 4% range. Applying the 36% float to today's price will increase the weight to 5.5% at the rebalancing. </li>
</ul>


This block deal won't lead to a float increase event. Nevertheless, it will substantially impact the rebalancing of the TIGER (WISE) Secondary Cell ETF next week.
A passive net inflow of up to ₩10B occurs, equivalent to 0.5x ADTV. Indeed, this level provides a significant day trade setup.
With today's price correction, SKIET's index weight will drop to the high 4% range. Applying the 36% float to today's price will increase the weight to 5.5% at the rebalancing. 


Mirae Asset TIGER Secondary Cell ETF (305540 KS)

SKIET Block Deal: Passive Impact on TIGER (WISE) Secondary Cell ETF Rebalancing