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 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

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

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

<ul>
<li>In this insight, we look at the potential index changes for the F100 and F250 in the run-up to the September 2026 rebal.</li>
<li>We expect an F250 member to be deleted in the first week of August 2026. The race for the replacement name is on.</li>
<li>We see an imminent market transfer for Volex that has consequences for F250 in September 2026.</li>
</ul>


In this insight, we look at the potential index changes for the F100 and F250 in the run-up to the September 2026 rebal.
We expect an F250 member to be deleted in the first week of August 2026. The race for the replacement name is on.
We see an imminent market transfer for Volex that has consequences for F250 in September 2026.


Quiddity Leaderboard F100/F250 Sep26: Volex F250 ADD; One-Intra Review F250 DEL Soon

<ul>
<li>The SE600 index is a widely followed benchmark index in Europe. This index is rebalanced on a quarterly basis.</li>
<li>With the base date on 31st August 2026, we expect six ADDs and six DELs. The rankings are tight and even small price swings could shake things up.</li>
<li>We can expect the results to be announced after market close on 1st September 2026. </li>
</ul>


The SE600 index is a widely followed benchmark index in Europe. This index is rebalanced on a quarterly basis.
With the base date on 31st August 2026, we expect six ADDs and six DELs. The rankings are tight and even small price swings could shake things up.
We can expect the results to be announced after market close on 1st September 2026. 


Quiddity Leaderboard SE600 Sep26: Six ADDs and Six DELs Expected; Borderline Names to Be Monitored

iShares MSCI EAFE ETF / Technical Analysis

<ul>
<li>We continue to believe that a bearish intermediate-term outlook is appropriate as long as the YTD downtrends remain intact on MSCI ACWI (ACWI-US), MSCI ACWI ex-US (ACWX-US), and EAFE (EFA-US).</li>
<li>We would turn bullish only on reversals of those downtrends. With that said, a bear market rally has officially begun, something that we have discussed since our Sept.29 Int'l Compass</li>
<li>We expect to see rallies to their respective YTD downtrends (ACWX, EFA, etc.). We highlight buys that are likely to outperform on this bear market rally.</li>
</ul>


We continue to believe that a bearish intermediate-term outlook is appropriate as long as the YTD downtrends remain intact on MSCI ACWI (ACWI-US), MSCI ACWI ex-US (ACWX-US), and EAFE (EFA-US).
We would turn bullish only on reversals of those downtrends. With that said, a bear market rally has officially begun, something that we have discussed since our Sept.29 Int'l Compass
We expect to see rallies to their respective YTD downtrends (ACWX, EFA, etc.). We highlight buys that are likely to outperform on this bear market rally.


Bear Market Rally in Progress as DXY, Global Sovereign 10-Yr Yields Fall; Buy Ideas Within Leaders

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 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

Quiddity Leaderboard F100/F250 Sep26: Volex F250 ADD; One-Intra Review F250 DEL Soon

North American Income Trust (NAIT LN) was confirmed as the F250 replacement name for JTC (JTC LN) at the close of trading on 17th August 2026. We...

Afridi Reyal

Quiddity Leaderboard SE600 Sep26: Six ADDs and Six DELs Expected; Borderline Names to Be Monitored

Expected ADDs Alior Bank and Vontobel could see 3x ADV to buy. Expected DELs Wihlborgs Fastigheter, Kemira and Bucher could see more than 2x ADV to...

Afridi Reyal

Bear Market Rally in Progress as DXY, Global Sovereign 10-Yr Yields Fall; Buy Ideas Within Leaders

Bear Market Rally in Progress as $DXY, Global Sovereign 10-Year Yields Decline. Italy FTSE MIB with a bullish YTD downtrend reversal, Switzerland...

Vermilion Research

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