Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Index Rebalance

<ul>
<li>ISC rebalance flows last cycle look negligible versus what is coming. Square inclusion drives major weight compression, setting up large passive flows across all names ex Samsung and Hynix.</li>
<li>Turnover ripping higher but passive ticket still screens extreme versus DTV and shares out, so positioning should front run Square, Isu Petasys, and Jusung given high inclusion odds.</li>
<li>Into rebalance window, expect flows rotating into deletes and legacy names hit by Square driven weight compression. Not typical setup, positioning likely front runs schedule, treat as live flow event.</li>
</ul>


ISC rebalance flows last cycle look negligible versus what is coming. Square inclusion drives major weight compression, setting up large passive flows across all names ex Samsung and Hynix.
Turnover ripping higher but passive ticket still screens extreme versus DTV and shares out, so positioning should front run Square, Isu Petasys, and Jusung given high inclusion odds.
Into rebalance window, expect flows rotating into deletes and legacy names hit by Square driven weight compression. Not typical setup, positioning likely front runs schedule, treat as live flow event.


2026 H2 Local Largest Passive Flow Event TIGER Semis Top 10 Setup and Flow Breakdown

SK Square

2026 H2 Local Largest Passive Flow Event TIGER Semis Top 10 Setup and Flow Breakdown