​Kospi2 Upside Positioning Follows Positive Korean Equities Performance

In Q1 2015, the Kospi2 index was the best performing index in USD terms among emerging markets. Requests for Kospi2 upside structures escalated in early April, with investors responding positively to the BoK interest rate cut. Rob McGlinchey spoke to BNP Paribas’ Guillaume Derville on current global macro funds flow strategies and the case for a Kospi2 index at 295-300—10% additional upside—by year-end.