Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Sharing Feedback from KRX on Final Constituent Count for KRX Semis Rebal

On the Risk of TIGER (Or Even KODEX) Repeating Its Weird Practice Ahead of KRX Semis Sept Rebalance

KODEX Semicon (091160 KS) Tactical Outlook After September Rebalance

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Index Rebalance

<ul>
<li>Last September rebalance, Taesung, HD Hyundai Energy, and Gemvax saw strong announcement day gains, then mixed and partially reversed prints on the actual rebalance flow date.</li>
<li>Setup centers on the announcement window Friday Sept 4 ahead of Sept 10 rebalance, with May to July screening driving pre positioning into likely inclusions.</li>
<li>TES (095610), TSE (131290), VM (089970) are core inclusion locks. KRW 8.2tn AUM drives higher positioning and two track trade into announcement and pre positioning.</li>
</ul>


Last September rebalance, Taesung, HD Hyundai Energy, and Gemvax saw strong announcement day gains, then mixed and partially reversed prints on the actual rebalance flow date.
Setup centers on the announcement window Friday Sept 4 ahead of Sept 10 rebalance, with May to July screening driving pre positioning into likely inclusions.
TES (095610), TSE (131290), VM (089970) are core inclusion locks. KRW 8.2tn AUM drives higher positioning and two track trade into announcement and pre positioning.


KRX Semis Set for Heavy Passive Flow Attention in September

Tes Co Ltd

KRX Semis Set for Heavy Passive Flow Attention in September