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 IN/LG Chem OUT: TIGER (WISE) Done on Feb 8 & KODEX (FnGuide) Under Progress Until Feb 22

KODEX Playing a Risky Game on LG Energy/LG Chem Rebalancing & Any Trading Opportunity from It?

W Scope (6619): Improved and Price Is Moving

LG Energy & LG Chem Passive Flow In/Out Estimations & Trading Considerations on February 9

LG Energy Passive Flow from Overseas ETFs: Global X Lithium & Battery (LIT)

LG Energy Post-Listing Flow Tracking by Date: Passive Inflows & Lockup Release Outflows

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>As for LG Energy's inclusion timing, Solactive made a rule change, presumably designed for LG Energy's earlier entry on April 29.</li>
<li>Since LG Chem also has a battery-related business, LG Chem may remain in this index. However, the possibility should be low because its battery business is small in total sales.</li>
<li>LG Chem will experience an outflow of ₩250B (1.0x ADTV). And assuming that LG Energy receives 4.75%, a passive impact of 0.31x at a DTV of 1.5M shares is expected.</li>
</ul>


As for LG Energy's inclusion timing, Solactive made a rule change, presumably designed for LG Energy's earlier entry on April 29.
Since LG Chem also has a battery-related business, LG Chem may remain in this index. However, the possibility should be low because its battery business is small in total sales.
LG Chem will experience an outflow of ₩250B (1.0x ADTV). And assuming that LG Energy receives 4.75%, a passive impact of 0.31x at a DTV of 1.5M shares is expected.


Solactive Global Lithium Index (LIT): Earlier Implementation Expected for LG Energy & LG Chem

LG Energy Solution

Solactive Global Lithium Index (LIT): Earlier Implementation Expected for LG Energy & LG Chem