Index Rebalance and Special Situations, Quiddity Advisors

Afridi Reyal

Index Rebalance and Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>In this insight, we look at the potential index changes for the F100 and F250 in the run-up to the December 2026 rebal. The Airtel Money IPO is a question.</li>
<li>Beazley is set to be deleted from the F100 at the close of 30th September 2026. We have discussed the intra-review implications for the F100 and F250.</li>
<li>Airtel Money isn't certain (more below). Currently we see no likely regular changes taking place for F100 or F250 but some names are close to the border. </li>
</ul>


In this insight, we look at the potential index changes for the F100 and F250 in the run-up to the December 2026 rebal. The Airtel Money IPO is a question.
Beazley is set to be deleted from the F100 at the close of 30th September 2026. We have discussed the intra-review implications for the F100 and F250.
Airtel Money isn't certain (more below). Currently we see no likely regular changes taking place for F100 or F250 but some names are close to the border. 


Quiddity Leaderboard F100/F250 Dec26: Beazley F100 DEL 30th Sep; Airtel Money IPO Question

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Royal Bank Of Canada / Technical Analysis

<ul>
<li>The SPX is breaking out after several months of consolidation. Same with the MSCI ACWI index. We are upgrading our outlook on global equities (MSCI ACWI) to bullish.</li>
<li>Breakouts could mean other countries are getting ready to break out, but the U.S. (S&amp;P 500) remains our only country overweight</li>
<li>Moreover, major indexes in the next two largest global equity markets (Europe and Japan) remain below critical resistances of 5000-5120 on the EURO STOXX 50 and 2740-2820 on the TOPIX.</li>
</ul>


The SPX is breaking out after several months of consolidation. Same with the MSCI ACWI index. We are upgrading our outlook on global equities (MSCI ACWI) to bullish.
Breakouts could mean other countries are getting ready to break out, but the U.S. (S&amp;P 500) remains our only country overweight
Moreover, major indexes in the next two largest global equity markets (Europe and Japan) remain below critical resistances of 5000-5120 on the EURO STOXX 50 and 2740-2820 on the TOPIX.


S&P 500 and MSCI ACWI Breaking Out; Upgrading MSCI ACWI to Bullish; Buys in Services, Financials

<ul>
<li>The September 2026 index review results for the F100 and F250 indices were announced yesterday after the LSE market close.</li>
<li>There will be two ADDs and two DELs for the F100 and separately three ADDs and two DELs for the F250 index.</li>
<li>The announced results were in line with our final expectations.</li>
</ul>


The September 2026 index review results for the F100 and F250 indices were announced yesterday after the LSE market close.
There will be two ADDs and two DELs for the F100 and separately three ADDs and two DELs for the F250 index.
The announced results were in line with our final expectations.


Quiddity F100/F250 Sep26 Results: All Expected ADDs/DELs Correct; F100 Intra-Review Change Ahead

<ul>
<li>In this insight, we take a look at the potential index changes for F100 and F250 in the run-up to the September 2026 index rebal event.</li>
<li>The base date is tomorrow (1st September 2026) and the official results will be announced after the close on 2nd September 2026. </li>
<li>We expect one change for the F100 index and two other changes for the F250 index. Several names sit close to the border and could change our expectations.</li>
</ul>


In this insight, we take a look at the potential index changes for F100 and F250 in the run-up to the September 2026 index rebal event.
The base date is tomorrow (1st September 2026) and the official results will be announced after the close on 2nd September 2026. 
We expect one change for the F100 index and two other changes for the F250 index. Several names sit close to the border and could change our expectations.


Quiddity Leaderboard F100/F250 Sep26: One More Day to Base Date; Few Final Changes

AngloGold Ashanti Spon Adr / Technical Analysis

<ul>
<li>We continue to see more global indexes/Sectors breaking out to new highs, with the latest being the MSCI Emerging Markets index (local currency), breaking out from a 2-year base--add exposure.</li>
<li>In terms of MSCI EM specifically, this is a huge risk-on signal for global equities, as EM is pretty much as risky as it gets across the global landscape.</li>
<li>Our bullish outlook (since early November 2023) remains intact; continue to ride this trend higher, and treat pullbacks as buying opportunities.</li>
</ul>


We continue to see more global indexes/Sectors breaking out to new highs, with the latest being the MSCI Emerging Markets index (local currency), breaking out from a 2-year base--add exposure.
In terms of MSCI EM specifically, this is a huge risk-on signal for global equities, as EM is pretty much as risky as it gets across the global landscape.
Our bullish outlook (since early November 2023) remains intact; continue to ride this trend higher, and treat pullbacks as buying opportunities.


MSCI Emerging Markets Finally Join the Rally; China/HK Improve; Upgrading Taiwan, Downgrading Brazil

United Kingdom

Beazley is a British multinational specialist insurance and reinsurance company. It underwrites complex and specialist risks across diverse sectors such as cyber, marine, aviation, property, political risks, contingency, and professional liability. The company is headquartered in London, England, and was founded in 1986.

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Beazley (BEZ LN)

Quiddity Leaderboard F100/F250 Dec26: Beazley F100 DEL 30th Sep; Airtel Money IPO Question

F100 members Beazley and Schroders will be deleted from the index following their acquisitions by Zurich and Nuveen respectively. As a result, WPP...

Afridi Reyal

S&P 500 and MSCI ACWI Breaking Out; Upgrading MSCI ACWI to Bullish; Buys in Services, Financials

$SPX and MSCI $ACWI Breaking Out; Upgrading Outlook on ACWI and SPX to Bullish as of last Fridays close above 5783; Buys in Services, Financials;...

Vermilion Research

Quiddity F100/F250 Sep26 Results: All Expected ADDs/DELs Correct; F100 Intra-Review Change Ahead

The September 2026 index review results for F100 and F250 indices were announced in line with expectations. Volex is expected to have more than 5x...

Afridi Reyal

Quiddity Leaderboard F100/F250 Sep26: One More Day to Base Date; Few Final Changes

For F100, easyJet is easily IN and Entain is OUT. Ithica is close to the F100 ADD border. With one more trading day to go, a few changes are...

Afridi Reyal

MSCI Emerging Markets Finally Join the Rally; China/HK Improve; Upgrading Taiwan, Downgrading Brazil

MSCI EM Finally Joins the Rally; China/Hong Kong Continue to Improve; Downgrading Brazil to Market Weight; Upgrading Taiwan to Overweight;...

Vermilion Research

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Quiddity Leaderboard F100/F250 Dec26: Beazley F100 DEL 30th Sep; Airtel Money IPO Question

F100 members Beazley and Schroders will be deleted from the index following their acquisitions by Zurich and Nuveen respectively. As a result, WPP...

Afridi Reyal

S&P 500 and MSCI ACWI Breaking Out; Upgrading MSCI ACWI to Bullish; Buys in Services, Financials

$SPX and MSCI $ACWI Breaking Out; Upgrading Outlook on ACWI and SPX to Bullish as of last Fridays close above 5783; Buys in Services, Financials;...

Vermilion Research

Quiddity F100/F250 Sep26 Results: All Expected ADDs/DELs Correct; F100 Intra-Review Change Ahead

​The September 2026 index review results for F100 and F250 indices were announced in line with expectations. Volex is expected to have more than 5x...

Afridi Reyal

Quiddity Leaderboard F100/F250 Sep26: One More Day to Base Date; Few Final Changes

For F100, easyJet is easily IN and Entain is OUT. Ithica is close to the F100 ADD border. With one more trading day to go, a few changes are...

Afridi Reyal

MSCI Emerging Markets Finally Join the Rally; China/HK Improve; Upgrading Taiwan, Downgrading Brazil

MSCI EM Finally Joins the Rally; China/Hong Kong Continue to Improve; Downgrading Brazil to Market Weight; Upgrading Taiwan to Overweight;...

Vermilion Research

The September 2026 index review results for F100 and F250 indices were announced in line with expectations. Volex is expected to have more than 5x...