Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

Industrias Penoles, S.A.B. De C.V. / Index Rebalance

<ul>
<li>The MV Junior Gold Miners index represents the performance of small-cap gold and silver mining companies listed around the world. </li>
<li>This index is reviewed semi-annually in March/September. During these reviews, names can be added or deleted from the index. We like it because a lot of money tracks it.</li>
<li>There are several potential ADDs/DELs for the Index Rebal Event in September 2025 but as yet most are Medium Conviction. There are a couple of large capping flows expected. </li>
</ul>


The MV Junior Gold Miners index represents the performance of small-cap gold and silver mining companies listed around the world. 
This index is reviewed semi-annually in March/September. During these reviews, names can be added or deleted from the index. We like it because a lot of money tracks it.
There are several potential ADDs/DELs for the Index Rebal Event in September 2025 but as yet most are Medium Conviction. There are a couple of large capping flows expected. 


[Quiddity Index] MV Junior Gold Miners Sep25 Rebalance Predictions: Flow Expectations

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

Wanguo International Mining / 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

<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

Global Materials | Industrials | Commodities

Rahul Jain

Thematic (Sector/Industry)

<ul>
<li>Silver prices have rallied 20% YTD to $35.60/oz, supported by strong industrial demand and a persistent market deficit.</li>
<li>Despite being a small market compared to gold and copper, silver offers niche exposure through major producers like Hindustan Zinc, Fresnillo, and Pan American.</li>
<li>Structural undersupply, driven by green tech and limited new mine capacity, positions silver as a high-beta hedge and a strategic long-term play.</li>
</ul>


Silver prices have rallied 20% YTD to $35.60/oz, supported by strong industrial demand and a persistent market deficit.
Despite being a small market compared to gold and copper, silver offers niche exposure through major producers like Hindustan Zinc, Fresnillo, and Pan American.
Structural undersupply, driven by green tech and limited new mine capacity, positions silver as a high-beta hedge and a strategic long-term play.


Silver Market Snapshot: Rising Prices, Industrial Tailwinds, and Strategic Exposure

<ul>
<li>The MV Jr-Gold Miners index represents the performance of small-cap gold and silver mining companies listed around the world. </li>
<li>This index is reviewed semiannually in March and September. We expect there will be no index changes for the June 2025 index rebal event but there will be capping flows.</li>
<li>We expect one-way flows of US$122mm for the June 2025 rebal which translates to a turnover of 2%.</li>
</ul>


The MV Jr-Gold Miners index represents the performance of small-cap gold and silver mining companies listed around the world. 
This index is reviewed semiannually in March and September. We expect there will be no index changes for the June 2025 index rebal event but there will be capping flows.
We expect one-way flows of US$122mm for the June 2025 rebal which translates to a turnover of 2%.


[Quiddity Index] MV Jr-Gold Miners Jun25 Leaderboard: Flow Expectations

Canada

Pan American Silver Corporation is a primary silver producer.   The Company has seven operating mines in Mexico,  Peru, Argentina and Bolivia and several development projects in USA,  Mexico, Peru and Argentina.

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

Pan American Silver (PAAS CN)

[Quiddity Index] MV Junior Gold Miners Sep25 Rebalance Predictions: Flow Expectations

The semi-annual index rebalance for the MV Junior Gold Miners Index will take place in September. There are several potential ADDs/DELs. So far all...

Travis Lundy

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

Silver Market Snapshot: Rising Prices, Industrial Tailwinds, and Strategic Exposure

Silver prices have surged due to industrial demand and market deficit, making it a niche investment opportunity with potential for long-term growth.

Rahul Jain

[Quiddity Index] MV Jr-Gold Miners Jun25 Leaderboard: Flow Expectations

The Market Vectors Junior Gold Miners Index is one of the more interesting indices in the space BUT in the June/Dec cycle, it is mostly capping...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Quiddity Index] MV Junior Gold Miners Sep25 Rebalance Predictions: Flow Expectations

The semi-annual index rebalance for the MV Junior Gold Miners Index will take place in September. There are several potential ADDs/DELs. So far all...

Travis Lundy

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

Silver Market Snapshot: Rising Prices, Industrial Tailwinds, and Strategic Exposure

​Silver prices have surged due to industrial demand and market deficit, making it a niche investment opportunity with potential for long-term growth.

Rahul Jain

[Quiddity Index] MV Jr-Gold Miners Jun25 Leaderboard: Flow Expectations

The Market Vectors Junior Gold Miners Index is one of the more interesting indices in the space BUT in the June/Dec cycle, it is mostly capping...

Travis Lundy

Silver prices have surged due to industrial demand and market deficit, making it a niche investment opportunity with potential for long-term growth.