Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Cross Asset Strategy

<ul>
<li>This report identifies stocks at the extremes of their positioning or momentum ranges within our active Global EM fund universe.</li>
<li>We have pinpointed eight stocks either at their historical positioning extremes or undergoing significant changes in fund ownership, providing detailed ownership profiles for each.</li>
<li>HDFC Bank loses steam after merger, Nu Holdings surges to new highs, POSCO plunges to new fund ownership lows.</li>
</ul>


This report identifies stocks at the extremes of their positioning or momentum ranges within our active Global EM fund universe.
We have pinpointed eight stocks either at their historical positioning extremes or undergoing significant changes in fund ownership, providing detailed ownership profiles for each.
HDFC Bank loses steam after merger, Nu Holdings surges to new highs, POSCO plunges to new fund ownership lows.


Active GEM Funds:  Extremes in Positioning & Momentum

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 28th. The aggregated holding was USD2,277.2bn.</li>
<li>We estimate that foreign flows to be inflows of USD3,814mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, E.SUN Financial, Nanya Technology, Unimicron Technology, MediaTek.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 28th. The aggregated holding was USD2,277.2bn.
We estimate that foreign flows to be inflows of USD3,814mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, E.SUN Financial, Nanya Technology, Unimicron Technology, MediaTek.


TWSE Foreign Holding Weekly (Aug 28th): TSMC, E.SUN Financial, Nanya Technology, MediaTek

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Aug 28th. The aggregated short interest was USD43.9bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Shin Kong Financial, Jentech Precision Industrial, Winbond Electronics, Evergreen Marine, FOSITEK.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Aug 28th. The aggregated short interest was USD43.9bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Shin Kong Financial, Jentech Precision Industrial, Winbond Electronics, Evergreen Marine, FOSITEK.


TWSE Short Interest Weekly (Aug 28th): Shin Kong Financial, Jentech Precision Industrial, FOSITEK

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 21st. The aggregated holding was USD2,218.0bn.</li>
<li>We estimate that foreign flows to be inflows of USD800mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Unimicron Technology, Nanya Technology, Powerchip Semiconductor Manufacturing, Evergreen Marine, Hon Hai Precision.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 21st. The aggregated holding was USD2,218.0bn.
We estimate that foreign flows to be inflows of USD800mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Unimicron Technology, Nanya Technology, Powerchip Semiconductor Manufacturing, Evergreen Marine, Hon Hai Precision.


TWSE Foreign Holding Weekly (Aug 21st): Unimicron Technology, Nanya Technology, Evergreen Marine

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 14th. The aggregated holding was USD2,228.6bn.</li>
<li>We estimate that foreign flows to be inflows of USD5,449mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in MediaTek, Nanya Technology, Powerchip Semiconductor Manufacturing, TSMC, Yageo.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 14th. The aggregated holding was USD2,228.6bn.
We estimate that foreign flows to be inflows of USD5,449mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in MediaTek, Nanya Technology, Powerchip Semiconductor Manufacturing, TSMC, Yageo.


TWSE Foreign Holding Weekly (Aug 14th): MediaTek, Nanya Technology, TSMC, Yageo

Taiwan

Delta Electronics Inc. manufactures power supplies and video display products. The Company's products include switching power supplies, telecom power systems, uninterrupted power supply (UPS), variable speed alternating current (AC) monitor drives, high resolution color monitors, and projectors.  Delta also manufactures magnetic and networking components.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Delta Electronics (2308 TT)

Active GEM Funds: Extremes in Positioning & Momentum

GEM Extreme Stocks. HDFC Bank loses steam after merger, Nu Holdings surges to new highs, POSCO plunges to new fund ownership lows.

Steven Holden

TWSE Foreign Holding Weekly (Aug 28th): TSMC, E.SUN Financial, Nanya Technology, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, E.SUN Financial, Nanya Technology,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Aug 28th): Shin Kong Financial, Jentech Precision Industrial, FOSITEK

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Shin Kong Financial, Jentech Precision...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Aug 21st): Unimicron Technology, Nanya Technology, Evergreen Marine

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Unimicron Technology (3037 TT), Nanya Technology...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Aug 14th): MediaTek, Nanya Technology, TSMC, Yageo

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in MediaTek, Nanya Technology, Powerchip...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)