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>There are no constituent changes for the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a> in June but there are capping changes for the Select Sector indices and the Equal Weight Index.</li>
<li>The round-trip trade is US$17.4bn with a big chunk from the Equal Weight Index, <a href="https://www.smartkarma.com/entities/communication-services-select-sector-spdr-fund" target="_blank" data-smartkarma-citation="entities:27534:1" rel="noopener">Communication Services Select Sector SPDR Fund (XLC US)</a> and <a href="https://www.smartkarma.com/entities/energy-select-sector-spdr-fund" target="_blank" data-smartkarma-citation="entities:27537:1" rel="noopener">Energy Select Sector SPDR Fund (XLE US)</a>. </li>
<li>The largest flows are expected in <a href="https://www.smartkarma.com/entities/exxon-mobil-corp" target="_blank" data-smartkarma-citation="entities:811:1" rel="noopener">Exxon Mobil</a>, <a href="https://www.smartkarma.com/entities/alphabet-inc" target="_blank" data-smartkarma-citation="entities:33361:1" rel="noopener">Alphabet</a>, <a href="https://www.smartkarma.com/entities/chevron-corp" target="_blank" data-smartkarma-citation="entities:11091:1" rel="noopener">Chevron Corp</a>, <a href="https://www.smartkarma.com/entities/visa-inc-class-a-shares" target="_blank" data-smartkarma-citation="entities:8707:1" rel="noopener">Visa</a>, <a href="https://www.smartkarma.com/entities/blackstone-inc" target="_blank" data-smartkarma-citation="entities:27166:1" rel="noopener">Blackstone</a>, <a href="https://www.smartkarma.com/entities/live-nation-entertainment-inc" target="_blank" data-smartkarma-citation="entities:6893:1" rel="noopener">Live Nation Entertainment</a>, <a href="https://www.smartkarma.com/entities/meta-platforms-inc-class-a-facebook" target="_blank" data-smartkarma-citation="entities:665:1" rel="noopener">Meta</a>, <a href="https://www.smartkarma.com/entities/broadcom-inc" target="_blank" data-smartkarma-citation="entities:998:1" rel="noopener">Broadcom</a>, <a href="https://www.smartkarma.com/entities/tko-group-holdings-inc" target="_blank" data-smartkarma-citation="entities:40463:1" rel="noopener">TKO Group Holdings</a>, <a href="https://www.smartkarma.com/entities/dell-technologies-inc" target="_blank" data-smartkarma-citation="entities:32189:1" rel="noopener">Dell Technologies</a> and <a href="https://www.smartkarma.com/entities/omnicom-group" target="_blank" data-smartkarma-citation="entities:15775:1" rel="noopener">Omnicom Group</a>.</li>
</ul>


There are no constituent changes for the S&amp;P 500 INDEX (SPX INDEX) in June but there are capping changes for the Select Sector indices and the Equal Weight Index.
The round-trip trade is US$17.4bn with a big chunk from the Equal Weight Index, Communication Services Select Sector SPDR Fund (XLC US) and Energy Select Sector SPDR Fund (XLE US). 
The largest flows are expected in Exxon Mobil, Alphabet, Chevron Corp, Visa, Blackstone, Live Nation Entertainment, Meta, Broadcom, TKO Group Holdings, Dell Technologies and Omnicom Group.


Select Sector Indices and S&P Equal Weight Rebalance Preview: US$17bn Round-Trip Trade

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Omnicom Group, a leading global marketing and corporate communications holding company, has reported strong third-quarter results for 2024, showing evidence of effective strategy implementation and robust financial health.</li><li>The company has recorded an organic growth rate of 6.5%, consistent across both its total operations and specifically within the U.S market.</li><li>This performance is primarily driven by notable achievements in the Advertising & Media and Experiential disciplines.</li></ul>

Omnicom Group, a leading global marketing and corporate communications holding company, has reported strong third-quarter results for 2024, showing evidence of effective strategy implementation and robust financial health.The company has recorded an organic growth rate of 6.5%, consistent across both its total operations and specifically within the U.S market.This performance is primarily driven by notable achievements in the Advertising & Media and Experiential disciplines.

Omnicom Group: Will The Acquisitions Of LeapPoint & Flywheel Up Their Game? - Major Drivers

<ul><li>Omnicom recently presented its results for the second quarter of 2024, highlighting a mix of positive dynamics coupled with the challenges inherent in a complex operational landscape.</li><li>One notable strength in the results is the recorded 5.2% organic growth, spearheaded by a formidable 6.3% growth in the U.S. market.</li><li>This growth was primarily driven by robust performances in advertising, media, and experiential disciplines.</li></ul>

Omnicom recently presented its results for the second quarter of 2024, highlighting a mix of positive dynamics coupled with the challenges inherent in a complex operational landscape.One notable strength in the results is the recorded 5.2% organic growth, spearheaded by a formidable 6.3% growth in the U.S. market.This growth was primarily driven by robust performances in advertising, media, and experiential disciplines.

Omnicom Group: A Tale Of Digital Transformation and Technology Integration! - Major Drivers

<ul><li>Omnicom Group Inc.'s first quarter 2024 earnings demonstrated the media communications company's strong position within the industry along with some areas of concerns.</li><li>The company's solid start to 2024 can be attributed to an organic growth of 4% in Q1, fueled largely by robust growth in advertising and media and precision marketing disciplines.</li><li>The EBITA margin, excluding the amortization of acquired and strategic platform intangibles, reached 13.8% for the quarter, and non-GAAP adjusted EPS rose to $1.67, up 3.7% from Q1 2023.</li></ul>

Omnicom Group Inc.'s first quarter 2024 earnings demonstrated the media communications company's strong position within the industry along with some areas of concerns.The company's solid start to 2024 can be attributed to an organic growth of 4% in Q1, fueled largely by robust growth in advertising and media and precision marketing disciplines.The EBITA margin, excluding the amortization of acquired and strategic platform intangibles, reached 13.8% for the quarter, and non-GAAP adjusted EPS rose to $1.67, up 3.7% from Q1 2023.

Omnicom Group: Can It Truly Maximize The Potential Of AI To Catalyze Its Growth? - Major Drivers

<ul><li>Omnicom Group has achieved its 2023 goals despite a difficult macroeconomic environment, setting a solid foundation to enter 2024 from a position of strength.</li><li>Notably, the company generated a free cash flow of approximately $1.9 billion in 2023 and returned $1.1 billion to shareholders through dividends and share repurchases.</li><li>The M&A activity including the acquisition of Flywheel Digital, the largest one in Omnicom's history, is especially promising for the future growth of the company.</li></ul>

Omnicom Group has achieved its 2023 goals despite a difficult macroeconomic environment, setting a solid foundation to enter 2024 from a position of strength.Notably, the company generated a free cash flow of approximately $1.9 billion in 2023 and returned $1.1 billion to shareholders through dividends and share repurchases.The M&A activity including the acquisition of Flywheel Digital, the largest one in Omnicom's history, is especially promising for the future growth of the company.

Omnicom Group: A Strong Positioning with Transformation in the Client Landscape! - Major Drivers

United States

Omnicom Group Inc. provides advertising, marketing and corporate communications services. The Company's agencies, which operate in major markets around the world, provide a comprehensive range of services including traditional media advertising; customer relationship management ("CRM"); public relations; and specialty communications.

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Omnicom Group (OMC US)

Select Sector Indices and S&P Equal Weight Rebalance Preview: US$17bn Round-Trip Trade

Capping changes for the Select Sector indices and Equal Weight Index will result in a round-trip trade of US$17.4bn. There are some stocks with...

Brian Freitas

Omnicom Group: Will The Acquisitions Of LeapPoint & Flywheel Up Their Game? - Major Drivers

Omnicom Group, a leading global marketing and corporate communications holding company, has reported strong third-quarter results for 2024,...

Baptista Research

Omnicom Group: A Tale Of Digital Transformation and Technology Integration! - Major Drivers

Omnicom recently presented its results for the second quarter of 2024, highlighting a mix of positive dynamics coupled with the challenges...

Baptista Research

Omnicom Group: Can It Truly Maximize The Potential Of AI To Catalyze Its Growth? - Major Drivers

Omnicom Group Inc.'s first quarter 2024 earnings demonstrated the media communications company's strong position within the industry along with...

Baptista Research

Omnicom Group: A Strong Positioning with Transformation in the Client Landscape! - Major Drivers

Omnicom Group has achieved its 2023 goals despite a difficult macroeconomic environment, setting a solid foundation to enter 2024 from a position...

Baptista Research

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