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

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

KOSPI 200 Official Announcement: Float Rate Changes (11 Up & 5 Down)

Kakao Pay Shorting Entry Point: June 9 KOSPI 200 or June 17 FTSE?

KOSPI 200 Constituents with a Float Rate Change: 11 Increases & 2 Reductions

Kakao Pay Passive Play Opportunity on June 9

KOSPI 200 Rebalancing Last-Minute Change to Deletions: Poongsan Pushed Out for CJ CGV

The Blockchain Delusion. A (Mostly) Bearish Investment Thesis.

Clepsydra Capital

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

Event-Driven

<ul>
<li>We should focus on the weight changes of the existing constituents. For this, two names really stand out: Kakao Pay (+0.44x ADTV) and LG Corp (+0.37x ADTV).</li>
<li>It is because Kakao Pay and LG Corp will undergo an increase in their float rate in the KOSPI 200 rebalancing, and these up-weights will also affect this sector index.</li>
<li>Their combined inflow size (KOSPI 200 &amp; KOSPI 200 IT) will be 1.41x and 1.16x ADTVs. This will be the most substantial, except for Kakao Bank and the new additions.</li>
</ul>


We should focus on the weight changes of the existing constituents. For this, two names really stand out: Kakao Pay (+0.44x ADTV) and LG Corp (+0.37x ADTV).
It is because Kakao Pay and LG Corp will undergo an increase in their float rate in the KOSPI 200 rebalancing, and these up-weights will also affect this sector index.
Their combined inflow size (KOSPI 200 &amp; KOSPI 200 IT) will be 1.41x and 1.16x ADTVs. This will be the most substantial, except for Kakao Bank and the new additions.


KOSPI 200 IT Sector Index Rebalancing Flow: Watch Kakao Pay & LG Corp

Kakaopay

KOSPI 200 IT Sector Index Rebalancing Flow: Watch Kakao Pay & LG Corp