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[Alpha Biz=(Chicago) Reporter Paul Lee] Kum Yang (001570), POSCODX (022100) and SK Telecom (017670) were newly included in Morgan Stanley Capital International (MSCI) Korea Index. Experts predict that the inclusion of the MSCI Korea Index will result in a large influx of foreign fund funds into these stocks.
On November 15, MSCI announced in its regular review that it will incorporate three new stocks, Kum Yang, POSCODX, and SK Telecom, into the Korea Index. BGF Retail (282330), Kakao Games (293490), Lotte Energy Materials (020150), and Pan Ocean (028670) were excluded from the index.
The MSCI regularly reorganizes its index stocks in consideration of floating market capitalization and foreign limits. The actual index entry will be applied after the market closes on the 30th of this month.
Once included in the MSCI Korea Index, funds will flow from passive funds that follow the index. Kang Song-chul, a researcher at Eugene Investment & Securities (001200), predicted that considering the share of the MSCI Korea index, Geumyang will receive 180 billion won, POSCO DX 170 billion won and SK Telecom 150 billion won.
On the other hand, emerging stocks are expected to lose passive fund funds. It is expected that 73 billion won will be withdrawn for BGF Retail, 53 billion won for Kakao Games, 54 billion won for Lotte Energy Materials, and 63 billion won for Pan Ocean.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
