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 the F100 and F250 in the run-up to the June 2026 index rebal event.</li>
<li>Our latest estimates suggest there could be two regular changes for F100 and one regular change for F250 during the June 2026 rebal.</li>
<li>We see two M&amp;A-related intra-review changes for the F250 index after the rebal event.</li>
</ul>


In this insight, we take a look at the potential index changes for the F100 and F250 in the run-up to the June 2026 index rebal event.
Our latest estimates suggest there could be two regular changes for F100 and one regular change for F250 during the June 2026 rebal.
We see two M&amp;A-related intra-review changes for the F250 index after the rebal event.


Quiddity Leaderboard F100/F250 Jun26: Two F100 and One F250 Changes; Two Months till the Base Date

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>UK Industrials maintain top Sector weight. Real Estate and Consumer Discretionary underweights fund Technology overweight.</li>
<li>Investment Managers Industry group hits record exposure. REITs largely unloved by UK Small/Midcap funds.</li>
<li>Future plc remains the most widely held company. XPS Pensions and Foresight Group Holdings are the top overweights. B&amp;M, Weir Group and Rightmove lead the underweights.</li>
</ul>


UK Industrials maintain top Sector weight. Real Estate and Consumer Discretionary underweights fund Technology overweight.
Investment Managers Industry group hits record exposure. REITs largely unloved by UK Small/Midcap funds.
Future plc remains the most widely held company. XPS Pensions and Foresight Group Holdings are the top overweights. B&amp;M, Weir Group and Rightmove lead the underweights.


US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

<ul>
<li>Rosebank Industries (ROSE LN), with a $4.7bn market cap, is the flagship F250 and All-Share forecasted addition following its listing transfer from AIM to Main Market.</li>
<li>
<a href="https://www.smartkarma.com/entities/harbour-energy-plc" target="_blank" data-smartkarma-citation="entities:25251:1" rel="noopener">Harbour Energy (HBR LN)</a> and <a href="https://www.smartkarma.com/entities/ithaca-energy-inc" target="_blank" data-smartkarma-citation="entities:23303:1" rel="noopener">Ithaca Energy (IAE LN)</a> are the main candidates to be added to F100 from F250 replacing <a href="https://www.smartkarma.com/entities/rightmove-plc" target="_blank" data-smartkarma-citation="entities:22116:1" rel="noopener">Rightmove (RMV LN)</a> and <a href="https://www.smartkarma.com/entities/berkeley-group-holdings-plc" target="_blank" data-smartkarma-citation="entities:21837:1" rel="noopener">Berkeley Group (BKG LN)</a>. </li>
<li>Barings Emerging EMEA Opportunities (BEMO LN) and Dialight (DIA LN) are high ADV-impact forecasted additions to SmallCap due to passing liquidity.</li>
</ul>


Rosebank Industries (ROSE LN), with a $4.7bn market cap, is the flagship F250 and All-Share forecasted addition following its listing transfer from AIM to Main Market.

Harbour Energy (HBR LN) and Ithaca Energy (IAE LN) are the main candidates to be added to F100 from F250 replacing Rightmove (RMV LN) and Berkeley Group (BKG LN). 
Barings Emerging EMEA Opportunities (BEMO LN) and Dialight (DIA LN) are high ADV-impact forecasted additions to SmallCap due to passing liquidity.


UK Index Forecasts - Jun26: ROSE Blossoms Into F250 Following Listing Transfer

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

While the major averages are stalling below major resistance and their direction is unclear, there are many individual stocks that continue to act well and that are offering fantastic entry points at current levels. Health Care and Technology remain our two favorite global Sectors, and they are outperforming across all major markets including the US, Europe, Japan, and China. Remain overweight/add exposure. Consumer Staples is another leadership Sector, particularly in the Asia/Pacific region. Lastly, we are also continuing to expand our recommendations to include bottom-up ideas within several other Sectors as the market goes through a bottoming process.

While the major averages are stalling below major resistance and their direction is unclear, there are many individual stocks that continue to act well and that are offering fantastic entry points at current levels. Health Care and Technology remain our two favorite global Sectors, and they are outperforming across all major markets including the US, Europe, Japan, and China. Remain overweight/add exposure. Consumer Staples is another leadership Sector, particularly in the Asia/Pacific region. Lastly, we are also continuing to expand our recommendations to include bottom-up ideas within several other Sectors as the market goes through a bottoming process.

<ul>
<li>The June 2026 index review results for the F100 and F250 indices were announced yesterday after LSE market close.</li>
<li>There will be three ADDs and DELs for F100 and, separately, six ADDs and DELs for F250.</li>
<li>The Inclusion/Exclusion events will take place at the close of trading on 19th June 2026.</li>
</ul>


The June 2026 index review results for the F100 and F250 indices were announced yesterday after LSE market close.
There will be three ADDs and DELs for F100 and, separately, six ADDs and DELs for F250.
The Inclusion/Exclusion events will take place at the close of trading on 19th June 2026.


Quiddity F100/F250 Jun26 Results: 16/18 Expected ADDs/DELs Correct; 10+ Days to Buy for F250 ADDs

United Kingdom

GlobalData is a British multinational data analytics and consulting firm that provides an AI-powered intelligence platform, delivering proprietary data, expert analysis, and tailored solutions for business decision-making across major industries. The company offers subscription-based access to extensive proprietary datasets for strategic, sales, and operational decision-making. Headquartered in London, England, GlobalData Plc was formed in 2016 through the consolidation of several data and analytics providers.

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GlobalData (DATA LN)

Quiddity Leaderboard F100/F250 Jun26: Two F100 and One F250 Changes; Two Months till the Base Date

We see two F100 changes and one F250 change so far. We have a little over two months to the base date and changes could happen until then.

Afridi Reyal

UK Small/Midcap Fund Positioning Update

How are UK Small and Midcap equity funds positioned? We analyse the holdings of 106 actively managed UK strategies to find out.

Steven Holden

UK Index Forecasts - Jun26: ROSE Blossoms Into F250 Following Listing Transfer

ROSE LN was the highest-impact trade of the UK index at the June 2026 review with its inclusion to F250 and All-Share following listing transfer to...

Dimitris Ioannidis

Global Equities: Lower Highs Forming

While the major averages are stalling below major resistance and their direction is unclear, there are many individual stocks that continue to act...

Vermilion Research

Quiddity F100/F250 Jun26 Results: 16/18 Expected ADDs/DELs Correct; 10+ Days to Buy for F250 ADDs

Rosebank and Cordiant are big F250 ADDs for June 2026. New Transfers and listings make up most of the F250 ADDs. Inclusion/Exclusion events set...

Afridi Reyal

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Quiddity Leaderboard F100/F250 Jun26: Two F100 and One F250 Changes; Two Months till the Base Date

We see two F100 changes and one F250 change so far. We have a little over two months to the base date and changes could happen until then.

Afridi Reyal

UK Small/Midcap Fund Positioning Update

How are UK Small and Midcap equity funds positioned? We analyse the holdings of 106 actively managed UK strategies to find out.

Steven Holden

UK Index Forecasts - Jun26: ROSE Blossoms Into F250 Following Listing Transfer

ROSE LN was the highest-impact trade of the UK index at the June 2026 review with its inclusion to F250 and All-Share following listing transfer to...

Dimitris Ioannidis

Global Equities: Lower Highs Forming

While the major averages are stalling below major resistance and their direction is unclear, there are many individual stocks that continue to act...

Vermilion Research

Quiddity F100/F250 Jun26 Results: 16/18 Expected ADDs/DELs Correct; 10+ Days to Buy for F250 ADDs

Rosebank and Cordiant are big F250 ADDs for ​June 2026. New Transfers and listings make up most of the F250 ADDs. Inclusion/Exclusion events set...

Afridi Reyal

Rosebank and Cordiant are big F250 ADDs for June 2026. New Transfers and listings make up most of the F250 ADDs. Inclusion/Exclusion events set...