Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

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

KRX Confirms 20% Samsung and Hynix Caps for Thursday’s Semis Rebalance

KRX Semis Set for Heavy Passive Flow Attention in September

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Index Rebalance

<ul>
<li>KRX says it will strictly follow methodology for September KRX Semis, with no special review, pointing to another sharp cut in constituents, potentially down to the 20 name floor.</li>
<li>At 20 constituents, TES (095610) and TSE (131290) would be the two additions and face limited risk of failing the concurrent TMI eligibility screen.</li>
<li>With KRW 6.6tn AUM, the constituent cut should drive outsized passive flows into TES and TSE, while surviving names also see meaningful inflows, making a basket trade worth considering.</li>
</ul>


KRX says it will strictly follow methodology for September KRX Semis, with no special review, pointing to another sharp cut in constituents, potentially down to the 20 name floor.
At 20 constituents, TES (095610) and TSE (131290) would be the two additions and face limited risk of failing the concurrent TMI eligibility screen.
With KRW 6.6tn AUM, the constituent cut should drive outsized passive flows into TES and TSE, while surviving names also see meaningful inflows, making a basket trade worth considering.


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

Tse Co Ltd

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