Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Korea ETF Market Size Breakdown from a Flow Trading Perspective

Dissecting KRX Annual ETF Market Report & Noteworthy Trends for ETF Arbitrages

KOSPI Size Index Migration: Official Results & Trading Approach Towards Implementation

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

Mirae Asset TIGER Fn Metaverse / Event-Driven

Mirae Asset TIGER Fn Metaverse (400970 KS)

<ul>
<li>As for the one using the creation/redemption mechanism, the tracking error (market value - NAV) is still too tight to call this an arbitrage opening.</li>
<li>Then, at this point, we need to pay attention to ETF arbitrage from a pair trade perspective. There are a total of 3 pairs we can consider for this.</li>
<li>The mean reversion cycle is still not short. However, the diversion range is not extensive, so we can aim for a relatively stable setup in a market with increased volatility.</li>
</ul>


As for the one using the creation/redemption mechanism, the tracking error (market value - NAV) is still too tight to call this an arbitrage opening.
Then, at this point, we need to pay attention to ETF arbitrage from a pair trade perspective. There are a total of 3 pairs we can consider for this.
The mean reversion cycle is still not short. However, the diversion range is not extensive, so we can aim for a relatively stable setup in a market with increased volatility.


Samsung KODEX Secondary Battery Industry ETF (305720 KS)

Samsung KODEX Secondary Battery Industry ETF

Mirae Asset TIGER Secondary Cell ETF (305540 KS)

ETF Arbitrage in Korea: Names Suitable for Pair Trades