CEO, CIO, ClearMacro

Mike Simcock

CEO, CIO

Strategic & Tactical Asset Allocation Global Macro

ClearMacro

CIO, & CEO ClearMacro Ltd
An institutional investor with over 25 years experience, laterly having spent 10 years at GIC Singapore SWF. Managng Director, managing Global Macro, FIxed Income (Europe) and Global Credit businesses.
Passionate about utilising technology to enhance portfolio idea generation across global, multi-asset classes and optimisation of the investment process.

Macroeconomics

<header class="entry-header"><h2>Commodity fundamentals – actionable insight from CRB’s Fundamental Database</h2></header><p>ClearMacro is delighted to announce a collaboration with Barcharts/CRB to derive signals from fundamental commodity supply, production and consumption data.</p><p>We care about generating actionable market insight from information categories that a sophisticated investor cares about.  Commodity markets require tailored information to help investors generate outlook views across energy, metals, and agricultural markets.</p><p>We focus…</p>

Commodity fundamentals – actionable insight from CRB’s Fundamental DatabaseClearMacro is delighted to announce a collaboration with Barcharts/CRB to derive signals from fundamental commodity supply, production and consumption data.We care about generating actionable market insight from information categories that a sophisticated investor cares about.  Commodity markets require tailored information to help investors generate outlook views across energy, metals, and agricultural markets.We focus…

Commodities - Is There Any Value Within the Complex?

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

Quantitative Analysis

<ul>
<li>Active UK funds continue to reduce their exposure to the Energy sector, with positioning falling to near record lows. </li>
<li>The UK Energy sector is dominated by just two names— Shell and BP  —which together account for 90% of the total sector allocation.</li>
<li>UK Industrials, Financials, and Consumer sectors have become increasingly dominant, with Energy’s diminished role reflecting a shift in market structure and a redefinition of what drives UK equity portfolios.</li>
</ul>


Active UK funds continue to reduce their exposure to the Energy sector, with positioning falling to near record lows. 
The UK Energy sector is dominated by just two names— Shell and BP  —which together account for 90% of the total sector allocation.
UK Industrials, Financials, and Consumer sectors have become increasingly dominant, with Energy’s diminished role reflecting a shift in market structure and a redefinition of what drives UK equity portfolios.


UK Energy:  Concentrated, Under-Owned, and Out of Focus

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/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 December 2023 Rebalance.</li>
<li>There could be a couple of intra-review changes in the next 2-3 months but the intra-review replacement names could depend on the timing of these changes.</li>
<li>Separately, I see one regular ADD and DELETE for F250 in December 2023 but many names are close to the border and index change expectations could change if prices fluctuate.</li>
</ul>


In this insight, we take a look at the potential index changes for F100 and F250 in the run-up to the December 2023 Rebalance.
There could be a couple of intra-review changes in the next 2-3 months but the intra-review replacement names could depend on the timing of these changes.
Separately, I see one regular ADD and DELETE for F250 in December 2023 but many names are close to the border and index change expectations could change if prices fluctuate.


Quiddity Leaderboard F100/​​​250 Dec 23: Dechra, Network International, and Other Potential Changes

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Empiric Student Property / Index Rebalance

<ul>
<li>In this insight, we take a look at Quiddity's final predictions for index changes for the  F100 and F250 indices for the June 2023 Rebalance.</li>
<li>The index changes are likely to be confirmed after market close today.</li>
<li>We expect one change for the F100 index and six changes for the F250 index.</li>
</ul>


In this insight, we take a look at Quiddity's final predictions for index changes for the  F100 and F250 indices for the June 2023 Rebalance.
The index changes are likely to be confirmed after market close today.
We expect one change for the F100 index and six changes for the F250 index.


Quiddity Final Thoughts for F100/​250 June 23: Multiple High-Impact Changes Likely

<ul>
<li>In this insight, we take a look at the potential index changes for F100 and F250 in the run up to the June 2023 Rebalance.</li>
<li>Based on latest prices, there could be one change for F100 and four changes in F250 between now and the June 2023 Rebalance including <a href="https://www.smartkarma.com/entities/al-noor-hospitals-group-plc" target="_blank" data-smartkarma-citation="entities:21813:1" rel="noopener">Mediclinic International (MDC LN)</a>'s intra-review change. </li>
<li>Many of the high-ranked F250 potential additions could have very high impact according to our estimates.</li>
</ul>


In this insight, we take a look at the potential index changes for F100 and F250 in the run up to the June 2023 Rebalance.
Based on latest prices, there could be one change for F100 and four changes in F250 between now and the June 2023 Rebalance including Mediclinic International (MDC LN)'s intra-review change. 
Many of the high-ranked F250 potential additions could have very high impact according to our estimates.


Quiddity Leaderboard for UK F100/​​250 June 23: 20+ Days to Buy for Top-Ranked F250 Potential ADDs

United Kingdom

Hunting is a global precision engineering group that manufactures and supplies products and services primarily to the oil and gas industry. The company also serves the aerospace, medical, and power generation sectors with precision-manufactured equipment and premium services. Hunting was founded in 1874 and is headquartered in London, UK, with a corporate office in Houston, USA.

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Hunting (HTG LN)

Commodities - Is There Any Value Within the Complex?

Commodity fundamentals – actionable insight from CRB’s Fundamental DatabaseClearMacro is delighted to announce a collaboration with Barcharts/CRB...

ClearMacro

UK Energy: Concentrated, Under-Owned, and Out of Focus

Active UK equity funds continue to reduce their exposure to the Energy sector, with positioning falling to near record lows.

Steven Holden

Quiddity Leaderboard F100/250 Dec 23: Dechra, Network International, and Other Potential Changes

Tullow Oil, Kier Group, and AO world are currently the top 3 F250 potential ADDs. Alfa Financial, ASOS, and XP power are next in line. There could...

Janaghan Jeyakumar, CFA

Quiddity Final Thoughts for F100/250 June 23: Multiple High-Impact Changes Likely

The F100 and F250 data cutoff has passed. The announcement of changes should come today after the London close. We see multiple high-impact...

Travis Lundy

Quiddity Leaderboard for UK F100/250 June 23: 20+ Days to Buy for Top-Ranked F250 Potential ADDs

On average, there could be around 20 days of volume to buy for the top four F250 potential ADDs according to our estimates and I see a decent...

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Commodities - Is There Any Value Within the Complex?

Commodity fundamentals – actionable insight from CRB’s Fundamental DatabaseClearMacro is delighted to announce a collaboration with Barcharts/CRB...

ClearMacro

UK Energy: Concentrated, Under-Owned, and Out of Focus

Active UK equity funds continue to reduce their exposure to the Energy sector, with positioning falling to near record lows.

Steven Holden

Quiddity Leaderboard F100/​​​250 Dec 23: Dechra, Network International, and Other Potential Changes

Tullow Oil, Kier Group, and AO world are currently the top 3 F250 potential ADDs. Alfa Financial, ASOS, and XP power are next in line. There could...

Janaghan Jeyakumar, CFA

Quiddity Final Thoughts for F100/​250 June 23: Multiple High-Impact Changes Likely

The F100 and F250 data cutoff has passed. The announcement of changes should come today after the London close. We see multiple high-impact...

Travis Lundy

Quiddity Leaderboard for UK F100/​​250 June 23: 20+ Days to Buy for Top-Ranked F250 Potential ADDs

On average, there could be around 20 days of volume to buy for the top four F250 potential ADDs according to our estimates and I see a decent...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard F100/250 Dec 23: Dechra, Network International, and Other Potential Changes

Quiddity Final Thoughts for F100/250 June 23: Multiple High-Impact Changes Likely

Quiddity Leaderboard for UK F100/250 June 23: 20+ Days to Buy for Top-Ranked F250 Potential ADDs