Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

Centurion Accommodation / Index Rebalance

Centurion Accommodation REIT is a real estate investment trust that invests in income-producing living sector real estate assets, primarily purpose-built worker accommodation (PBWA) and purpose-built student accommodation (PBSA) globally. It operates PBWA assets under the "Westlite" brand and PBSA assets under the "Dwell" and "EPIISOD" brands. The company was incorporated on August 12, 2025, and is headquartered in Singapore.

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<li>
<a href="https://www.smartkarma.com/entities/gemlife-communities-group" target="_blank" data-smartkarma-citation="entities:45776:1" rel="noopener">Gemlife Communities Group (GLF AU)</a> and <a href="https://www.smartkarma.com/entities/centurion-accommodation-reit" target="_blank" data-smartkarma-citation="entities:45779:1" rel="noopener">Centurion Accommodation (CAREIT SP)</a> will be added to a global sector index at the close on 19 June.</li>
<li>We estimate passive trackers will need to buy between 6-8x ADV in the stocks with flow in the US$20-24m range.</li>
<li>There will be positioning in <a href="https://www.smartkarma.com/entities/gemlife-communities-group" target="_blank" data-smartkarma-citation="entities:45776:1" rel="noopener">Gemlife Communities Group (GLF AU)</a> looking to unwind on a move higher. There appears to be little positioning in <a href="https://www.smartkarma.com/entities/centurion-accommodation-reit" target="_blank" data-smartkarma-citation="entities:45779:1" rel="noopener">Centurion Accommodation (CAREIT SP)</a>. </li>
</ul>



Gemlife Communities Group (GLF AU) and Centurion Accommodation (CAREIT SP) will be added to a global sector index at the close on 19 June.
We estimate passive trackers will need to buy between 6-8x ADV in the stocks with flow in the US$20-24m range.
There will be positioning in Gemlife Communities Group (GLF AU) looking to unwind on a move higher. There appears to be little positioning in Centurion Accommodation (CAREIT SP). 


Global Sector Index Inclusions: Gemlife (GLF AU) And Centurion Acco REIT (CAREIT SP)

New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Thematic (Sector/Industry)

<ul><li>The listed property sector had a small bounce back in May, gaining +2.5% through the month.</li><li>Portfolios remained largely robust, but vacancy lifted in industrial.</li><li>Despite recent volatility, we continue to view property as attractive given its predictable earnings and undemanding valuation metrics.</li></ul>

The listed property sector had a small bounce back in May, gaining +2.5% through the month.Portfolios remained largely robust, but vacancy lifted in industrial.Despite recent volatility, we continue to view property as attractive given its predictable earnings and undemanding valuation metrics.

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

<ul><li>Colliers identifies five megatrends influencing business hubs in the Asia Pacific region, highlighting significant changes.</li><li>Mapletree reports a 26% profit increase attributed to logistics growth, despite challenges from fund wind-downs in Singapore.</li><li>Blackstone raises $13.1 billion for its third Asia private equity fund, while GLP plans a $3 billion IPO in Hong Kong.</li></ul>

Colliers identifies five megatrends influencing business hubs in the Asia Pacific region, highlighting significant changes.Mapletree reports a 26% profit increase attributed to logistics growth, despite challenges from fund wind-downs in Singapore.Blackstone raises $13.1 billion for its third Asia private equity fund, while GLP plans a $3 billion IPO in Hong Kong.

Asia Real Estate Tracker (03-Jun-2026): Five key megatrends reshaping Asia Pacific business hubs.

Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Equity Bottom-Up

United Hampshire US Real Estate Investment Trust invests in a diversified portfolio of stabilized income-producing grocery-anchored and necessity-based retail properties, and modern, climate-controlled self-storage facilities, located in the United States of America. It aims to provide unitholders with regular and stable distributions and achieve long-term growth. The company is headquartered in Singapore and was constituted in 2019.

<ul><li>United Hampshire (UHREIT) owns a useful portfolio, but the units are not yet a fully proven income case.</li><li>The assets are largely U.S. grocery and daily-needs retail, with a smaller self storage exposure.</li><li>FY2025 portfolio value was US$774.3m across 20 Grocery &amp; Necessity properties and two Self-Storage properties, with 3.6m sq ft of net lettable area.</li></ul>

United Hampshire (UHREIT) owns a useful portfolio, but the units are not yet a fully proven income case.The assets are largely U.S. grocery and daily-needs retail, with a smaller self storage exposure.FY2025 portfolio value was US$774.3m across 20 Grocery &amp; Necessity properties and two Self-Storage properties, with 3.6m sq ft of net lettable area.

United Hampshire US Real Estate Investment Trust Initiating Coverage

Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Aoyama Zaisan Networks Co Lt / Equity Bottom-Up

Aoyama Zaisan Networks Company,Limited operates as a property consulting company. The Company offers inherited property and business succession, individual asset consulting, and corporate finance consulting services. Aoyama Zaisan Networks serves customers in Japan.

<ul><li>Transitioning beyond Real Estate – FY12/26 showed Aoyama Zaisan Networks' earnings base shifting further towards the consulting platform, with operating profit growing despite the slowdown in ADVANTAGE CLUB formation in Q1.</li><li>Wealth Consulting continued to see strong growth, with sustained strength in Asset Succession services demonstrating that customer engagement and revenue growth are not reliant on ADVANTAGE CLUB.</li><li>Consultant productivity is also trending higher in Q1 despite slower AD formation activities. </li></ul>

Transitioning beyond Real Estate – FY12/26 showed Aoyama Zaisan Networks' earnings base shifting further towards the consulting platform, with operating profit growing despite the slowdown in ADVANTAGE CLUB formation in Q1.Wealth Consulting continued to see strong growth, with sustained strength in Asset Succession services demonstrating that customer engagement and revenue growth are not reliant on ADVANTAGE CLUB.Consultant productivity is also trending higher in Q1 despite slower AD formation activities. 

Aoyama Zaisan Networks Company (8929 JP) - Growth to Accelerate from Q1