US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shawbrook-group-plc" target="_blank" data-smartkarma-citation="entities:22139:1" rel="noopener">Shawbrook (SHAW LN)</a>, the biggest UK IPO of the year, is expected to be included in UK 250 and All-Share at a market cap of ~£2bn.</li>
<li>
<a href="https://www.smartkarma.com/entities/pan-african-resources-plc" target="_blank" data-smartkarma-citation="entities:23518:1" rel="noopener">Pan African Resources (PAF LN)</a> transferred its listing to the Main Market resulting in its anticipated addition to UK 250 and All-Share at a market cap of ~£1.8bn.</li>
<li>Princes Group (PRN LN) is anticipated to be included in UK 250 and All-Share following its IPO in November at a market cap of ~£1bn.</li>
</ul>



Shawbrook (SHAW LN), the biggest UK IPO of the year, is expected to be included in UK 250 and All-Share at a market cap of ~£2bn.

Pan African Resources (PAF LN) transferred its listing to the Main Market resulting in its anticipated addition to UK 250 and All-Share at a market cap of ~£1.8bn.
Princes Group (PRN LN) is anticipated to be included in UK 250 and All-Share following its IPO in November at a market cap of ~£1bn.


UK Index Dec25 Forecast: Largest UK IPO of the Year Among Inclusions

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>The MV Global Gold Miners index represents the performance of large- and mid-cap gold and silver mining companies listed around the world. It underlies the biggest listed sector ETF (GDX).</li>
<li>We currently don't see any index changes for the December 2026 rebal. The potential ADDs would need to significantly outperform to trigger an index change.</li>
<li>The Vault-Genesis deal is likely to complete before the December 2026 rebal and is expected to trigger passive flows in MV Global Gold and MV Junior Gold Miners indices.</li>
</ul>


The MV Global Gold Miners index represents the performance of large- and mid-cap gold and silver mining companies listed around the world. It underlies the biggest listed sector ETF (GDX).
We currently don't see any index changes for the December 2026 rebal. The potential ADDs would need to significantly outperform to trigger an index change.
The Vault-Genesis deal is likely to complete before the December 2026 rebal and is expected to trigger passive flows in MV Global Gold and MV Junior Gold Miners indices.


[Quiddity Index] MV Global Gold Miners Dec26 Rebal: No Changes Likely; Vault-Genesis Deal Flows

Amman Mineral Internasional / Index Rebalance

<ul>
<li>The MV Global Gold Miners index represents the performance of large and mid-cap gold and silver mining companies listed around the world.</li>
<li>We saw no changes for the September 2026 rebal event. There will be no index changes for the September 2026 rebal event.</li>
<li>We expect a one-way flow of US$687mm for September 2026.</li>
</ul>


The MV Global Gold Miners index represents the performance of large and mid-cap gold and silver mining companies listed around the world.
We saw no changes for the September 2026 rebal event. There will be no index changes for the September 2026 rebal event.
We expect a one-way flow of US$687mm for September 2026.


[Quiddity Index] MV Global Gold Miners Sep26 Results: No Changes; ~US$690mm One-Way

<ul>
<li>The MV Global Gold Miners index represents the performance of large and mid-cap gold and silver mining companies listed around the world. </li>
<li>Currently, we still don't see any index changes for September 2026. The official results will be announced at the close of 11th September 2026.</li>
<li>We see around US$230mm of one-way flow. But this could drastically change if any 'Large-Small- weight' name changes occur.</li>
</ul>


The MV Global Gold Miners index represents the performance of large and mid-cap gold and silver mining companies listed around the world. 
Currently, we still don't see any index changes for September 2026. The official results will be announced at the close of 11th September 2026.
We see around US$230mm of one-way flow. But this could drastically change if any 'Large-Small- weight' name changes occur.


[Quiddity Index] MV Global Gold Miners Sep26 Rebal: Base Date Soon; Vault-Genesis Deal Consequences

Index Rebalance and Special Situations, Quiddity Advisors

Afridi Reyal

Index Rebalance and Special Situations

<ul>
<li>The SE600 index is a widely followed benchmark index in Europe. This index is rebalanced on a quarterly basis.</li>
<li>With the base date on 31st August 2026, we expect six ADDs and six DELs. The rankings are tight and even small price swings could shake things up.</li>
<li>We can expect the results to be announced after market close on 1st September 2026. </li>
</ul>


The SE600 index is a widely followed benchmark index in Europe. This index is rebalanced on a quarterly basis.
With the base date on 31st August 2026, we expect six ADDs and six DELs. The rankings are tight and even small price swings could shake things up.
We can expect the results to be announced after market close on 1st September 2026. 


Quiddity Leaderboard SE600 Sep26: Six ADDs and Six DELs Expected; Borderline Names to Be Monitored

South Africa

Pan African Resources is a mid-tier gold producer with a portfolio of high-grade, long-life underground mines and low-cost surface remining projects. The company's primary activities include the mining, extraction, and sale of gold, with operations in South Africa and Australia, including projects for copper and cobalt deposits. It was founded in 2000 and is headquartered in Johannesburg, South Africa.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Pan African Resources (PAF LN)

UK Index Dec25 Forecast: Largest UK IPO of the Year Among Inclusions

Shawbrook’s IPO and Pan African Resources’ listing transfer are expected to result in the largest UK index additions forecasted for December 2025.

Dimitris Ioannidis

[Quiddity Index] MV Global Gold Miners Dec26 Rebal: No Changes Likely; Vault-Genesis Deal Flows

For now, no changes are expected for the GDX ETF rebal in December 2026. Between now and then, there will be ad hoc changes due to the expected...

Travis Lundy

[Quiddity Index] MV Global Gold Miners Sep26 Results: No Changes; ~US$690mm One-Way

The MV Global Gold Miners Index has no changes. We saw one potential low conviction possibility but no likely ADDs (and we got none). There are,...

Travis Lundy

[Quiddity Index] MV Global Gold Miners Sep26 Rebal: Base Date Soon; Vault-Genesis Deal Consequences

The MV Global Gold Miners Index often has ADDs but we see no changes for Sep 2026. We just see some capping flows which are relatively minor.

Travis Lundy

Quiddity Leaderboard SE600 Sep26: Six ADDs and Six DELs Expected; Borderline Names to Be Monitored

Expected ADDs Alior Bank and Vontobel could see 3x ADV to buy. Expected DELs Wihlborgs Fastigheter, Kemira and Bucher could see more than 2x ADV to...

Afridi Reyal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)