Quantitative Equity Analyst, DMA

Charlotte van Tiddens, CFA

Quantitative Equity Analyst

Technology-First Company

DMA is a technology-first company that provides an end-to-end SaaS solution to institutional investors. DMA enables regulated entities like asset managers, wealth managers, investment managers and financial advisors to connect their front and back office, break silos and reduce headcount.

Event-Driven

<ul><li>In this note we show flow estimates based on passive AUM tracking and hedging the Capped Top 40 SWIX (DCAP), Top 40 SWIX (DTOP &amp; TOPI) and Capped ALSI SWIX.</li><li>Relative to the March rebalance, we expect turnover in the closing auction to be much lower.</li><li>Turnover for the day was R59bn, R44bn traded in the closing auction (harmonisation implemented).</li></ul>

In this note we show flow estimates based on passive AUM tracking and hedging the Capped Top 40 SWIX (DCAP), Top 40 SWIX (DTOP &amp; TOPI) and Capped ALSI SWIX.Relative to the March rebalance, we expect turnover in the closing auction to be much lower.Turnover for the day was R59bn, R44bn traded in the closing auction (harmonisation implemented).

DMA | JSE June '24 Rebalance: Estimated Flows (Buys: Banks, Sells: NPN, PRX)

Index Rebalance

<ul><li>Last night, the price snapshot was taken for the JSE June rebalance.</li><li>We do not anticipate any index changes for the Top 40, FINDI, FINI, INDI or RESI.</li><li>There are several noteworthy free float changes across ALSI constituents, particularly amongst foreign counters (detail below).</li></ul>

Last night, the price snapshot was taken for the JSE June rebalance.We do not anticipate any index changes for the Top 40, FINDI, FINI, INDI or RESI.There are several noteworthy free float changes across ALSI constituents, particularly amongst foreign counters (detail below).

JSE June ‘24 Rebalance Rankings: No Changes Expected + NPN X PRX Discount Update

Podcast by Dom Cooke to explore big businesses, Business Breakdowns

Business Breakdowns

Podcast by Dom Cooke to explore big businesses

Learn how companies work from the people who know them best. We do deep research and interview industry veterans, investment professionals, and corporate executives to explain the inner workings of public stocks and private businesses. For each company, we break down their history, business model, financial statements, secret sauce, and bull/bear case. We believe every business has lessons to teach us and Breakdowns is here to highlight them. Learn more and stay up to date at www.joincolossus.com.

Equity Bottom-Up

British American Tobacco  / Equity Bottom-Up

<ul><li>Business Breakdowns podcast covers British American Tobacco with guest Evan Tindall</li><li>British American Tobacco primarily sells tobacco, with significant presence in the US, Europe, and Asia</li><li>Company's profits are more weighted towards the US market</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Business Breakdowns podcast covers British American Tobacco with guest Evan TindallBritish American Tobacco primarily sells tobacco, with significant presence in the US, Europe, and AsiaCompany's profits are more weighted towards the US marketThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

British American Tobacco: Clearing the Air - [Business Breakdowns, EP.162]

<ul><li>JSE indices get rebalanced in the closing auction on Thursday.</li><li>No constituent changes will be made to the ALSI, Top 40, Top 40 SWIX, FINI, FINDI or INDI. HAR will enter the RESI and AMS will fall out.</li><li>Largest buys: BTI, MNP, BHG, APN.</li></ul>

JSE indices get rebalanced in the closing auction on Thursday.No constituent changes will be made to the ALSI, Top 40, Top 40 SWIX, FINI, FINDI or INDI. HAR will enter the RESI and AMS will fall out.Largest buys: BTI, MNP, BHG, APN.

The Week Ahead: US Inflation, Fed, Quarterly Rebalancing

<ul><li>We do not expect any constituent changes for the following indices: Top 40, Top 40 SWIX, FINI, FINDI or INDI.</li><li>HAR is expected to enter the RESI and AMS is expected to fall out.</li><li>After much anticipation, ANG’s indicative free float came in at 75%, 21.9 percentage points lower than the current SWIX float of 96.8%.</li></ul>

We do not expect any constituent changes for the following indices: Top 40, Top 40 SWIX, FINI, FINDI or INDI.HAR is expected to enter the RESI and AMS is expected to fall out.After much anticipation, ANG’s indicative free float came in at 75%, 21.9 percentage points lower than the current SWIX float of 96.8%.

DMA ONE: JSE December ‘23 Rebalance Rankings

United Kingdom

British American Tobacco P.L.C. operates as a holding company for a group of companies that manufactures, markets, and sells cigarettes and other tobacco products including cigars and roll-your-own tobacco.

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British American Tobacco (BTI SJ)

DMA | JSE June '24 Rebalance: Estimated Flows (Buys: Banks, Sells: NPN, PRX)

In this note we show flow estimates based on passive AUM tracking and hedging the Capped Top 40 SWIX (DCAP), Top 40 SWIX (DTOP & TOPI) and...

DMA

JSE June ‘24 Rebalance Rankings: No Changes Expected + NPN X PRX Discount Update

Last night, the price snapshot was taken for the JSE June rebalance. We do not anticipate any index changes for the Top 40, FINDI, FINI, INDI or RESI.

DMA

British American Tobacco: Clearing the Air - [Business Breakdowns, EP.162]

Business Breakdowns podcast covers British American Tobacco with guest Evan Tindall. British American Tobacco primarily sells tobacco, with...

Business Breakdowns

The Week Ahead: US Inflation, Fed, Quarterly Rebalancing

JSE Dec rebalance - passive buys and sells in Thursday’s closing auction. JSE indices get rebalanced in the closing auction on Thursday.

DMA

DMA ONE: JSE December ‘23 Rebalance Rankings

The Week Ahead, NPN x PRX discount update post Tencent results, trading statements released after close yesterday. We do not expect any constituent...

DMA

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