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

Index Rebalance

<ul>
<li>Solactive has announced the constituent changes for the Global Uranium &amp; Nuclear Components Index. There is only 1 delete with implementation at the close on 31 January.</li>
<li>As expected, <a href="https://www.smartkarma.com/entities/goviex-uranium-inc" target="_blank" data-smartkarma-citation="entities:35742:1" rel="noopener">GoviEx Uranium (GXU CN)</a> will be deleted from the index and there will be a bunch of capping changes, especially for non-pure play stocks.</li>
<li>Estimated one-way turnover is 5.8% resulting in a round-trip trade of US$386m. There are many stocks with multiple days of ADV to trade.</li>
</ul>


Solactive has announced the constituent changes for the Global Uranium &amp; Nuclear Components Index. There is only 1 delete with implementation at the close on 31 January.
As expected, GoviEx Uranium (GXU CN) will be deleted from the index and there will be a bunch of capping changes, especially for non-pure play stocks.
Estimated one-way turnover is 5.8% resulting in a round-trip trade of US$386m. There are many stocks with multiple days of ADV to trade.


Solactive Global Uranium & Nuclear Components Index Rebalance: DeepSeek Led Selloff & 1 Delete

<ul>
<li>Based on prices and turnover from 22 January, there could be one deletion from the index in January. Plus there will be capping and float changes.</li>
<li>There are four stocks that meet the inclusion criteria, but all are non-pure play companies, and the index is already at the limit of 15 non-pure play companies.</li>
<li>Estimated one-way turnover is 6.8% resulting in a round-trip trade of US$506m. There are many stocks with multiple days of ADV to trade.</li>
</ul>


Based on prices and turnover from 22 January, there could be one deletion from the index in January. Plus there will be capping and float changes.
There are four stocks that meet the inclusion criteria, but all are non-pure play companies, and the index is already at the limit of 15 non-pure play companies.
Estimated one-way turnover is 6.8% resulting in a round-trip trade of US$506m. There are many stocks with multiple days of ADV to trade.


Solactive Global Uranium & Nuclear Components Index Rebalance Preview: Potential Changes Next Week

Sprott Physical Uranium Trust / Index Rebalance

<ul>
<li>Solactive has announced the constituent changes for the Global Uranium &amp; Nuclear Components Index with implementation at the close on 31 July.</li>
<li>
<a href="https://www.smartkarma.com/entities/oklo-inc" target="_blank" data-smartkarma-citation="entities:38840" rel="noopener">Oklo (OKLO US)</a> and <a href="https://www.smartkarma.com/entities/western-uranium-vanadium-corp" target="_blank" data-smartkarma-citation="entities:43774" rel="noopener">Western Uranium &amp; Vanadium (WUC CN)</a> will be added to the index. Estimated one-way turnover is 7.9% resulting in a round-trip trade of US$486m.</li>
<li>There are only 4 trading days to implementation of the changes and we'd watch out for big moves on stocks that have more than 2x ADV to trade.</li>
</ul>


Solactive has announced the constituent changes for the Global Uranium &amp; Nuclear Components Index with implementation at the close on 31 July.

Oklo (OKLO US) and Western Uranium &amp; Vanadium (WUC CN) will be added to the index. Estimated one-way turnover is 7.9% resulting in a round-trip trade of US$486m.
There are only 4 trading days to implementation of the changes and we'd watch out for big moves on stocks that have more than 2x ADV to trade.


Solactive Global Uranium & Nuclear Components Index Rebalance: Two Adds & US$500m Trade

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Equity Capital Markets

<ul><li>Europe was coping with a major energy crisis Prior to Russia’s Invasion of decided Ukraine, that resulted in prices skyrocketing to more than four times what they were at the inception of the pandemic.</li><li>NuScale’s solutions overcome many of the pitfalls that traditionally plague Nuclear Energy, from relevance to cost &amp; safety</li><li>NuScale’s SPAC deal is a bet on the future of mass adoption of SMRs over the next decade.</li></ul>

Europe was coping with a major energy crisis Prior to Russia’s Invasion of decided Ukraine, that resulted in prices skyrocketing to more than four times what they were at the inception of the pandemic.NuScale’s solutions overcome many of the pitfalls that traditionally plague Nuclear Energy, from relevance to cost &amp; safetyNuScale’s SPAC deal is a bet on the future of mass adoption of SMRs over the next decade.

NuScale Could Thrive in a Post-Russia World

Independent Research, SPACs, SPAC Track

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<ul><li>Spring Valley Acquisition Corp. (SV: warrants +92.29%) &amp; NuScale Power (Valuation: $1.87B EV)</li><li>Gores Holdings VIII, Inc. (GIIX: warrants +19.23%) &amp; Footprint (Valuation: $1.6B EV)</li><li>Bets placed on £3bn Playtech bidding war as Univision-backed SPAC deal nears</li></ul>

Spring Valley Acquisition Corp. (SV: warrants +92.29%) &amp; NuScale Power (Valuation: $1.87B EV)Gores Holdings VIII, Inc. (GIIX: warrants +19.23%) &amp; Footprint (Valuation: $1.6B EV)Bets placed on £3bn Playtech bidding war as Univision-backed SPAC deal nears

United States

NuScale Power Corporation operates as a small modular reactor (SMR) technology company. The Company provides scalable advanced nuclear technology for the production of electricity, heat, and clean water. NuScale Power serves customers worldwide.

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NuScale Power (SMR US)

Solactive Global Uranium & Nuclear Components Index Rebalance: DeepSeek Led Selloff & 1 Delete

GoviEx Uranium will be deleted from the URA ETF on Friday. The deletion plus capping changes lead to a one-way turnover of 5.8% resulting in a...

Brian Freitas

Solactive Global Uranium & Nuclear Components Index Rebalance Preview: Potential Changes Next Week

There could be 1 delete in Jan. There are unlikely to be any adds; one name is close. Estimated 1-way turnover is 6.8% resulting in a round-trip...

Brian Freitas

Solactive Global Uranium & Nuclear Components Index Rebalance: Two Adds & US$500m Trade

The changes for the Global Uranium & Nuclear Components Index will be implemented at the close tomorrow. There is a fair bit to trade on some...

Brian Freitas

NuScale Could Thrive in a Post-Russia World

Europe was coping with a major energy crisis Prior to Russia’s Invasion of decided Ukraine, that resulted in prices skyrocketing to more than four...

subSPAC

The Nightcap from SPAC Track

Spring Valley Acquisition Corp. (SV: warrants +92.29%) & NuScale Power (Valuation: $1.87B EV) Gores Holdings VIII, Inc. (GIIX: warrants...

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