Clarifying Market's Inaccurate Constituent Change Forecast in K200 Rebalancing with GICS Revision

KOSPI 200: Special Changes & Rising Delinquency Ratios of Banks in Korea

Meritz Merger Approved: Let's Now Discuss Key Dates & Entry Points For LONG DGB Financial

Meritz Merger Event: Swap Conditions, Spread Arb Trade, & K200 Flow Implementation

Discussing Why Meritz Swap Spread Not Being Narrowed & When to Enter

Gravity Works As WeWork Doesn't; Now Plan B

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Event-Driven

<ul>
<li>KOSPI 200 ETFs will have to sell Meritz FIRE and buy Meritz FINANCIAL at the close on January 27. JB Financial, the top reserved issue, will replace FIRE.</li>
<li>We should consider a Long Short for two Meritz companies just before the 27th. As a follow-up setup, we should aim for a potential widening of the swap arb spread.</li>
<li>As for the Long JB Financial, I would set the entry timing one week towards the implementation at the latest and look into Kodex Banks ETF (091170) for a hedge.</li>
</ul>


KOSPI 200 ETFs will have to sell Meritz FIRE and buy Meritz FINANCIAL at the close on January 27. JB Financial, the top reserved issue, will replace FIRE.
We should consider a Long Short for two Meritz companies just before the 27th. As a follow-up setup, we should aim for a potential widening of the swap arb spread.
As for the Long JB Financial, I would set the entry timing one week towards the implementation at the latest and look into Kodex Banks ETF (091170) for a hedge.


Meritz Fire & Marine Insurance (000060 KS)

K200 ETFs' Swap Trading on Meritz & Fresh Buy-In JB Financial on Jan 27

Jb Financial Group

K200 ETFs' Swap Trading on Meritz & Fresh Buy-In JB Financial on Jan 27