Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

KRX Value Up June Rebal: 22 Names High Passive Impact, SK Square Stands Out

KODEX Top 5 Plus Rebalance This Friday Final Outcome Shifted on Late May Volatility

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Index Rebalance

<ul>
<li>Market cap dispersion already makes June rebalance fairly visible, with SK Square and Samsung C&amp;T likely in, Celltrion and Naver out, plus cap driven flow spillover into financials.</li>
<li>FnGuide has been adjusting ETF rules amid inflows, including a major TIGER Korea Top 10 overhaul that excluded intermediate holdcos such as SK Square.</li>
<li>But FnGuide indicates no near term rule change risk here, and with timing already tight, base case remains SK Square inclusion in KODEX Top5Plus.</li>
</ul>


Market cap dispersion already makes June rebalance fairly visible, with SK Square and Samsung C&amp;T likely in, Celltrion and Naver out, plus cap driven flow spillover into financials.
FnGuide has been adjusting ETF rules amid inflows, including a major TIGER Korea Top 10 overhaul that excluded intermediate holdcos such as SK Square.
But FnGuide indicates no near term rule change risk here, and with timing already tight, base case remains SK Square inclusion in KODEX Top5Plus.


A Clean June Passive Flow Setup: Samsung C&T and SK Square