Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>The MV Junior Gold Miners index represents the performance of small-cap gold and silver mining companies listed globally.</li>
<li>This index is reviewed semiannually in March/September. During these reviews, names can be added or deleted from the index.</li>
<li>There will be no index name changes for the June 2026 rebal event. However, we currently expect a one-way flow of US$281mm for June 2026 due to capping/re-capping.</li>
</ul>


The MV Junior Gold Miners index represents the performance of small-cap gold and silver mining companies listed globally.
This index is reviewed semiannually in March/September. During these reviews, names can be added or deleted from the index.
There will be no index name changes for the June 2026 rebal event. However, we currently expect a one-way flow of US$281mm for June 2026 due to capping/re-capping.


[Quiddity Index] MV Junior Gold Miners Jun26: Capping Flow Expectations

<ul>
<li>The MV Junior Gold Miners index represents the performance of small-cap and mid-cap (and the bottom end of large cap) gold and silver mining companies listed around the world.</li>
<li>We expect 30+ index changes (ADDs and DELs) in the September 2026 rebal, with BIG names on both sides. The one-way flow is around US$2.1bn, nearly 21% turnover.</li>
<li>The top-five fixed weights cap mainly drives the one-way flows. We expect two LOW-conviction ADDs to shake up this list, but volatile gold stocks could shift rankings. </li>
</ul>


The MV Junior Gold Miners index represents the performance of small-cap and mid-cap (and the bottom end of large cap) gold and silver mining companies listed around the world.
We expect 30+ index changes (ADDs and DELs) in the September 2026 rebal, with BIG names on both sides. The one-way flow is around US$2.1bn, nearly 21% turnover.
The top-five fixed weights cap mainly drives the one-way flows. We expect two LOW-conviction ADDs to shake up this list, but volatile gold stocks could shift rankings. 


[Quiddity Index] MV Junior Gold Miners Sep26 Rebal: BIG Changes Likely; Top Five Names Drive Flows

<ul>
<li>The MV Junior Gold Miners index represents the performance of small-cap and mid-cap gold and silver mining companies listed around the world. </li>
<li>This index regularly sees double-digit changes at its semi-annual reviews, and September 2026 is shaping up that way; we expect 20+ index changes (ADDs/DELs).</li>
<li>The top 5 fixed-weight capping in this index creates interesting UP/DOWN weights, and the race for the top 5 is tight. BIG Day Counts to trade here.</li>
</ul>


The MV Junior Gold Miners index represents the performance of small-cap and mid-cap gold and silver mining companies listed around the world. 
This index regularly sees double-digit changes at its semi-annual reviews, and September 2026 is shaping up that way; we expect 20+ index changes (ADDs/DELs).
The top 5 fixed-weight capping in this index creates interesting UP/DOWN weights, and the race for the top 5 is tight. BIG Day Counts to trade here.


[Quiddity Index] MV Junior Gold Miners Sep26 Rebal: Changes Galore; US1.7bn+ One-Way

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

<ul>
<li>There are 13 adds, 2 deletes and 1 listing change for the <a href="https://www.smartkarma.com/entities/vaneck-vectors-junior-gold-miners-etf" target="_blank" data-smartkarma-citation="entities:32845:1" rel="noopener">VanEck Vectors Junior Gold Miners ETF (GDXJ US)</a> in September. There are capping and float changes too.</li>
<li>Estimated one-way turnover is 14.5% resulting in a round-trip trade of US$2.5bn. There are 12 stocks with over 3x ADV to trade from passive trackers.</li>
<li>There are multiple stocks that will have same-way flows from other index trackers at the same time, and the impact will be amplified.</li>
</ul>


There are 13 adds, 2 deletes and 1 listing change for the VanEck Vectors Junior Gold Miners ETF (GDXJ US) in September. There are capping and float changes too.
Estimated one-way turnover is 14.5% resulting in a round-trip trade of US$2.5bn. There are 12 stocks with over 3x ADV to trade from passive trackers.
There are multiple stocks that will have same-way flows from other index trackers at the same time, and the impact will be amplified.


MV Global Junior Gold Miners Index Rebalance: 13 Adds, 2 Deletes; US$2.5bn Trade

Canada

Luca Mining Corp. operates as a mining company. The Company acquires, explores, and develops gold, silver, zinc, and base metal mining projects. Luca Mining serves customers in Canada and Mexico.

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Luca Mining (LUCA CN)

[Quiddity Index] MV Junior Gold Miners Jun26: Capping Flow Expectations

The June 2026 "rebal" for MV Junior Gold Miners is a capping/recapping exercise. There will be no name changes. For that, no major impact trades...

Travis Lundy

[Quiddity Index] MV Junior Gold Miners Sep26 Rebal: BIG Changes Likely; Top Five Names Drive Flows

As of the MV Global Junior Gold Miners data cutoff, we saw one High/Med Conviction name leave (Intl Tower Hill Mines) and two more High/Med names...

Travis Lundy

[Quiddity Index] MV Junior Gold Miners Sep26 Rebal: Changes Galore; US1.7bn+ One-Way

The MV Junior Gold Miners Index rebal is a fave. Turnover is high on index construction; there are multiple ways to win. There are some BIG...

Travis Lundy

MV Global Junior Gold Miners Index Rebalance: 13 Adds, 2 Deletes; US$2.5bn Trade

There are 13 adds, 2 deletes, float and capping changes for the GDXJ. There are multiple stocks that have passive flows from the Fglobal, ASX and...

Brian Freitas

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