Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

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. It is rebalanced with constituent changes possible quarterly.</li>
<li>We expect three ADDs for March 2026, with a one-way flow of US$2.8bn.</li>
<li>Things are moving very quickly within the gold sector. That means the expected flows can turn on a dime because of the peculiarities of the construction of this index. </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 is rebalanced with constituent changes possible quarterly.
We expect three ADDs for March 2026, with a one-way flow of US$2.8bn.
Things are moving very quickly within the gold sector. That means the expected flows can turn on a dime because of the peculiarities of the construction of this index. 


[Quiddity Index] MV Global Gold Miners Mar26: 3 ADDs Likely, US$2.8bn One-Way Flow

Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Bottom-Up

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/genesis-minerals-ltd" target="_blank" data-smartkarma-citation="entities:4650:1" rel="noopener">Genesis Minerals (GMD AU)</a> vs. <a href="https://www.smartkarma.com/entities/regis-resources-ltd" target="_blank" data-smartkarma-citation="entities:20106:1" rel="noopener">Regis Resources (RRL AU)</a> price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.</li>
<li>
Highlights: Going long Genesis Minerals (GMD AU) and short Regis Resources (RRL AU) targets a 9% return.</li>
<li>
Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.</li>
</ul>



Context: The Genesis Minerals (GMD AU) vs. Regis Resources (RRL AU) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Genesis Minerals (GMD AU) and short Regis Resources (RRL AU) targets a 9% return.

Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.


Genesis Minerals (GMD AU) Vs. Regis Resources (RRL AU): Gold Miners Pair Trade Targets 9%.

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Vulcan Energy Resources / Index Rebalance

<ul>
<li>In this insight, we take a look at the potential index changes for ASX 300, 200, 100, 50, and 20 in the run-up to the March 2026 index rebal event.</li>
<li>We expect one change for ASX 50, one change for ASX 100, and three changes for ASX 200. Separately we see 14 ADDs and 8 DELs for ASX 300.</li>
<li>The official index changes will be announced after the close on Friday 5th March 2026.</li>
</ul>


In this insight, we take a look at the potential index changes for ASX 300, 200, 100, 50, and 20 in the run-up to the March 2026 index rebal event.
We expect one change for ASX 50, one change for ASX 100, and three changes for ASX 200. Separately we see 14 ADDs and 8 DELs for ASX 300.
The official index changes will be announced after the close on Friday 5th March 2026.


Quiddity Leaderboard ASX Mar26: Many Names With Multiple Days to Trade

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Sep 19th (reported today). The aggregated short interest was USD26.4bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Northern Star Resources, Ramelius Resources, Brambles, Evolution Mining, Regis Resources.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Sep 19th (reported today). The aggregated short interest was USD26.4bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Northern Star Resources, Ramelius Resources, Brambles, Evolution Mining, Regis Resources.


ASX Short Interest Weekly (Sep 19th): Northern Star Resources, Ramelius Resources, Brambles

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

Northern Star Resources / Index Rebalance

<ul>
<li>The <a href="https://www.smartkarma.com/entities/vaneck-gold-miners-etf-usa" target="_blank" data-smartkarma-citation="entities:32924:1" rel="noopener">VanEck Gold Miners ETF/USA (GDX US)</a> will change benchmark from the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index at the close on 19 September.</li>
<li>The differences in the constituents between the two indices should result in 8 adds and 25 deletes. Estimated one-way turnover is 27.4% resulting in a round-trip trade of US$12.5bn.</li>
<li>The forecast adds have continued to underperform the forecast deletes as the big valuation gap that had opened up since the announcement of the benchmark switch narrows.</li>
</ul>


The VanEck Gold Miners ETF/USA (GDX US) will change benchmark from the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index at the close on 19 September.
The differences in the constituents between the two indices should result in 8 adds and 25 deletes. Estimated one-way turnover is 27.4% resulting in a round-trip trade of US$12.5bn.
The forecast adds have continued to underperform the forecast deletes as the big valuation gap that had opened up since the announcement of the benchmark switch narrows.


Gold Miners ETF (GDX US): Further Capping Pushes Trade to Over US$12.5bn

Australia

Regis Resources Ltd. is a mineral exploration and production company. The Company mines for gold, nickel, and copper.

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

Regis Resources (RRL AU)

[Quiddity Index] MV Global Gold Miners Mar26: 3 ADDs Likely, US$2.8bn One-Way Flow

As of now, the Global Gold Miners index in March could see 3 ADDs. One name could also move into the "Large" category. Interestingly, if it self...

Travis Lundy

Genesis Minerals (GMD AU) Vs. Regis Resources (RRL AU): Gold Miners Pair Trade Targets 9%.

Genesis (GMD AU) vs. Regis (RRL AU) price ratio signals a 9% relative value trade to the one-standard-deviation line, ideal for quant traders...

Gaudenz Schneider

Quiddity Leaderboard ASX Mar26: Many Names With Multiple Days to Trade

With roughly five weeks left in the reference period, our expectations for the ASX March 2026 index review can still change since there are...

Janaghan Jeyakumar, CFA

ASX Short Interest Weekly (Sep 19th): Northern Star Resources, Ramelius Resources, Brambles

We analyzed ASX short interest report for the past week and highlight short interest changes in Northern Star Resources, Ramelius Resources,...

Ke Yan, CFA, FRM

Gold Miners ETF (GDX US): Further Capping Pushes Trade to Over US$12.5bn

The GDX benchmark change is expected to result in 27.4% turnover and a US$12.5bn trade. Multiple days of ADV need to be traded in a lot of stocks....

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Quiddity Index] MV Global Gold Miners Mar26: 3 ADDs Likely, US$2.8bn One-Way Flow

As of now, the Global Gold Miners index in March could see 3 ADDs. One name could also move into the "Large" category. Interestingly, if it self...

Travis Lundy

Genesis Minerals (GMD AU) Vs. Regis Resources (RRL AU): Gold Miners Pair Trade Targets 9%.

​Genesis (GMD AU) vs. Regis (RRL AU) price ratio signals a 9% relative value trade to the one-standard-deviation line, ideal for quant traders...

Gaudenz Schneider

Quiddity Leaderboard ASX Mar26: Many Names With Multiple Days to Trade

With roughly five weeks left in the reference period, our expectations for the ASX March 2026 index review can still change since there are...

Janaghan Jeyakumar, CFA

ASX Short Interest Weekly (Sep 19th): Northern Star Resources, Ramelius Resources, Brambles

We analyzed ASX short interest report for the past week and highlight short interest changes in Northern Star Resources, Ramelius Resources,...

Ke Yan, CFA, FRM

Gold Miners ETF (GDX US): Further Capping Pushes Trade to Over US$12.5bn

The GDX benchmark change is expected to result in 27.4% turnover and a US$12.5bn trade. Multiple days of ADV need to be traded in a lot of stocks....

Brian Freitas

Genesis (GMD AU) vs. Regis (RRL AU) price ratio signals a 9% relative value trade to the one-standard-deviation line, ideal for quant traders...