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.

Event-Driven

<ul>
<li>Local ETF inflows have gone vertical, with semiconductor ETFs driving outsized passive impact. Their four underpinning indices now exceed KRW 15tr AUM, up 4x in just four months.</li>
<li>Main targets: ISC for April FnGuide Semis Top 10 and likely June AI Semis, plus three names for September KRX Semis. Front-running / long-basket flows may build ahead of rebalance.</li>
<li>Worth emphasizing: all are KOSDAQ names. With strong inflows into KOSDAQ blue-chips and potential government / state-backed flows, these could serve as a plus-alpha overlay on a broader KOSDAQ long.</li>
</ul>


Local ETF inflows have gone vertical, with semiconductor ETFs driving outsized passive impact. Their four underpinning indices now exceed KRW 15tr AUM, up 4x in just four months.
Main targets: ISC for April FnGuide Semis Top 10 and likely June AI Semis, plus three names for September KRX Semis. Front-running / long-basket flows may build ahead of rebalance.
Worth emphasizing: all are KOSDAQ names. With strong inflows into KOSDAQ blue-chips and potential government / state-backed flows, these could serve as a plus-alpha overlay on a broader KOSDAQ long.


Korean Semiconductor ETFs: Passive Flow Setup & Screening

Samsung KODEX Semicon ETF

Korean Semiconductor ETFs: Passive Flow Setup & Screening