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/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 June but there are plenty of float and capping changes.</li>
<li>Estimated one-way turnover is 4.1% resulting in a round-trip trade of US$528m. There are 5 stocks with over 1x ADV to trade from passive trackers.</li>
<li>The sell flows in <a href="https://www.smartkarma.com/entities/evolution-mining-ltd" target="_blank" data-smartkarma-citation="entities:18363:1" rel="noopener">Evolution Mining (EVN AU)</a> will partially offset the buying from the passive S&amp;P/ASX 50 Index trackers.</li>
</ul>


There are no constituent changes for the VanEck Vectors Junior Gold Miners ETF (GDXJ US) in June but there are plenty of float and capping changes.
Estimated one-way turnover is 4.1% resulting in a round-trip trade of US$528m. There are 5 stocks with over 1x ADV to trade from passive trackers.
The sell flows in Evolution Mining (EVN AU) will partially offset the buying from the passive S&amp;P/ASX 50 Index trackers.


MV Global Junior Gold Miners Index Rebalance: Stocks at Their Highs

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>The MV Global J-Gold Miners index represents the performance small-cap gold and silver mining companies listed around the world.</li>
<li>There will be no index changes for the June 2025 rebal event.</li>
<li>We expect one-way flow of US$271mm for the June 2025 rebal, which is a bit lower than normal for a June rebal.</li>
</ul>


The MV Global J-Gold Miners index represents the performance small-cap gold and silver mining companies listed around the world.
There will be no index changes for the June 2025 rebal event.
We expect one-way flow of US$271mm for the June 2025 rebal, which is a bit lower than normal for a June rebal.


[Quiddity Index] MV Junior Gold Miners Jun25 Rebalance Results: Flow Expectations

Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Equity Bottom-Up

<ul><li>Orla Mining acquired by Newmont in $850 million deal with production assets in Mexico and development assets in the United States</li><li>Orla Mining has strong shareholder support including PL mining 10% of the company, Fairfax, Newmont, and Agnico</li><li>Muscle White mine in Canada has a 6.23 grams per tonne reserve grade with a reserve life until 2030, operating at 1 million tonnes per annum with high recoveries and FIFO operated mine with camp upgrades in progress</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Orla Mining acquired by Newmont in $850 million deal with production assets in Mexico and development assets in the United StatesOrla Mining has strong shareholder support including PL mining 10% of the company, Fairfax, Newmont, and AgnicoMuscle White mine in Canada has a 6.23 grams per tonne reserve grade with a reserve life until 2030, operating at 1 million tonnes per annum with high recoveries and FIFO operated mine with camp upgrades in progressThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Canada

Orla Mining Ltd. of Canada operates as a mineral exploration company. The Company focuses on acquiring mineral exploration opportunities.

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Orla Mining (ORLA US)

MV Global Junior Gold Miners Index Rebalance: Stocks at Their Highs

No constituent changes in June. Estimated one-way turnover is 4.1% and the round-trip trade is US$528m. There are 5 stocks with over 1x ADV to...

Brian Freitas

[Quiddity Index] MV Junior Gold Miners Jun25 Rebalance Results: Flow Expectations

No changes in the MV Junior Gold Miners' Index, which is a bit unexpected, but there is US$270mm+ to trade one-way on 20 June for the June 2025 rebal.

Travis Lundy

We unpack 2 North American Deals

Orla Mining acquired by Newmont in $850 million deal with production assets in Mexico and development assets in the United States Orla Mining has...

Money of Mine

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