Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

Shaanxi Intl Trust Co Ltd A / Index Rebalance

<ul>
<li>The June 2026 index review results for China's CSI 1000 index were announced after market close on Friday 29th May 2026.</li>
<li>There will be 100 ADDs/DELs for CSI 1000 in the December 2025 rebalance.</li>
<li>The CSI 1000 index rebal event could trigger US$1.2bn in one-way flow.</li>
</ul>


The June 2026 index review results for China's CSI 1000 index were announced after market close on Friday 29th May 2026.
There will be 100 ADDs/DELs for CSI 1000 in the December 2025 rebalance.
The CSI 1000 index rebal event could trigger US$1.2bn in one-way flow.


Quiddity CSI 1000 Jun26 Results: 84% Correctly Predicted; ~US$1.2bn One-Way Flow

<ul>
<li>CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.</li>
<li>There were 6 intra-review ad hoc changes announced for the CSI 1000 index this week due to some index constituents being labeled "Special Treatment" companies (covered in QIPS yesterday).</li>
<li>Here we present our final expectations for ADDs and DELs for the upcoming semiannual index rebal event in June 2026. We expect 100 ADDs/DELs. There are our final expectations.</li>
</ul>


CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.
There were 6 intra-review ad hoc changes announced for the CSI 1000 index this week due to some index constituents being labeled "Special Treatment" companies (covered in QIPS yesterday).
Here we present our final expectations for ADDs and DELs for the upcoming semiannual index rebal event in June 2026. We expect 100 ADDs/DELs. There are our final expectations.


Quiddity Leaderboard CSI 1000 Jun26: Ad Hoc Changes Announced; Final Expectations Post-Adjustment

<ul>
<li>CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.</li>
<li>Currently, we see 100 ADDs/DELs for the CSI 1000 index for the semiannual index rebal event in June 2026.</li>
<li>With approximately 98% of the reference period covered, ADDs and DELs are now broadly stable.</li>
</ul>


CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.
Currently, we see 100 ADDs/DELs for the CSI 1000 index for the semiannual index rebal event in June 2026.
With approximately 98% of the reference period covered, ADDs and DELs are now broadly stable.


Quiddity Leaderboard CSI 1000 Jun26: Strong Outperformance of Net Inflows Vs Net Outflows

FAW Jiefang Group Co., Ltd A / Index Rebalance

<ul>
<li>CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.</li>
<li>In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in June 2026. </li>
<li>Currently, we see 100 ADDs/DELs for the CSI 1000 index.</li>
</ul>


CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.
In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in June 2026. 
Currently, we see 100 ADDs/DELs for the CSI 1000 index.


Quiddity Leaderboard CSI 1000 Jun26: Momentum for Net Inflows Vs Outflows Could Continue

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

Broadex Technologies Co Ltd / Event-Driven

<ul>
<li>With the review period complete, we forecast 10 changes for the <a href="https://www.smartkarma.com/entities/chinext-index" target="_blank" data-smartkarma-citation="entities:25483:1" rel="noopener">ChiNext Index (SZ399006 INDEX)</a> and 5 changes for the ChiNext 50 Index in December.</li>
<li>The largest flows will be in 2 stocks that are forecast adds for both indices. There are 14 stocks with over 0.5x ADV to trade from passive trackers.</li>
<li>The forecast adds outperformed the forecast deletes from June to August, but there has been significant underperformance since then. Outperformance could resume as positioning kicks in prior to announcement.</li>
</ul>


With the review period complete, we forecast 10 changes for the ChiNext Index (SZ399006 INDEX) and 5 changes for the ChiNext 50 Index in December.
The largest flows will be in 2 stocks that are forecast adds for both indices. There are 14 stocks with over 0.5x ADV to trade from passive trackers.
The forecast adds outperformed the forecast deletes from June to August, but there has been significant underperformance since then. Outperformance could resume as positioning kicks in prior to announcement.


ChiNext/​​​ChiNext50 Index Rebalance Preview: Maxing Out the Changes

China

Jafron Biomedical Co., Ltd. manufactures biomaterials and medical devices. The Company researches, produces, and sells immunization adsorption, resin hemoperfusion, blood purification, resin bandage, and other related products. Jafron Biomedical markets throughout China.

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Jafron Biomedical (300529 CH)

Quiddity CSI 1000 Jun26 Results: 84% Correctly Predicted; ~US$1.2bn One-Way Flow

We correctly predicted 167 of the 200 confirmed changes (84% success rate) using 200 predictions (84% accuracy). The Inclusion/Exclusion events...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Ad Hoc Changes Announced; Final Expectations Post-Adjustment

The CSI 1000 index could see US$1.6bn one-way flows during the June 2026 index rebal event. The ADDs/DELs could be confirmed after market close on...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Strong Outperformance of Net Inflows Vs Net Outflows

On aggregate, the 100 CSI 1000 Expected ADDs and DELs could see ~US$1.49bn index buying and ~US$1.5bn index selling related to the CSI 1000 index.

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Momentum for Net Inflows Vs Outflows Could Continue

On aggregate, the 100 CSI 1000 Expected ADDs and DELs could see ~US$1.35bn index buying and ~US$1.2bn index selling related to the CSI 1000 index.

Janaghan Jeyakumar, CFA

ChiNext/ChiNext50 Index Rebalance Preview: Maxing Out the Changes

There could be 10/5 changes for the Chinext/Chinext50 indices in Dec. Largest flows in the 2 stocks that are adds for both indices. Adds...

Brian Freitas

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Quiddity CSI 1000 Jun26 Results: 84% Correctly Predicted; ~US$1.2bn One-Way Flow

We correctly predicted 167 of the 200 confirmed changes (84% success rate) using 200 predictions (84% accuracy). The Inclusion/Exclusion events...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Ad Hoc Changes Announced; Final Expectations Post-Adjustment

The CSI 1000 index could see US$1.6bn one-way flows during the June 2026 index rebal event. The ADDs/DELs could be confirmed after market close on...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Strong Outperformance of Net Inflows Vs Net Outflows

On aggregate, the 100 CSI 1000 Expected ADDs and DELs could see ~US$1.49bn index buying and ~US$1.5bn index selling related to the CSI 1000 index.

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Momentum for Net Inflows Vs Outflows Could Continue

On aggregate, the 100 CSI 1000 Expected ADDs and DELs could see ~US$1.35bn index buying and ~US$1.2bn index selling related to the CSI 1000 index.

Janaghan Jeyakumar, CFA

ChiNext/​​​ChiNext50 Index Rebalance Preview: Maxing Out the Changes

There could be 10/5 changes for the Chinext/Chinext50 indices in Dec. Largest flows in the 2 stocks that are adds for both indices. Adds...

Brian Freitas

ChiNext/ChiNext50 Index Rebalance Preview: Maxing Out the Changes