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>Solactive has announced the constituent changes for the Global Uranium &amp; Nuclear Components Index. There is only 1 delete with implementation at the close on 31 January.</li>
<li>As expected, <a href="https://www.smartkarma.com/entities/goviex-uranium-inc" target="_blank" data-smartkarma-citation="entities:35742:1" rel="noopener">GoviEx Uranium (GXU CN)</a> will be deleted from the index and there will be a bunch of capping changes, especially for non-pure play stocks.</li>
<li>Estimated one-way turnover is 5.8% resulting in a round-trip trade of US$386m. There are many stocks with multiple days of ADV to trade.</li>
</ul>


Solactive has announced the constituent changes for the Global Uranium &amp; Nuclear Components Index. There is only 1 delete with implementation at the close on 31 January.
As expected, GoviEx Uranium (GXU CN) will be deleted from the index and there will be a bunch of capping changes, especially for non-pure play stocks.
Estimated one-way turnover is 5.8% resulting in a round-trip trade of US$386m. There are many stocks with multiple days of ADV to trade.


Solactive Global Uranium & Nuclear Components Index Rebalance: DeepSeek Led Selloff & 1 Delete

Providing investors with a balanced perspective, Massif Capital

Massif Capital Research

Providing investors with a balanced perspective

Massif Capital

Research focused on providing investors with a balanced perspective on the environmental and economic realities of achieving a carbon-neutral economy for businesses within the Energy, Basic Materials and Industrial industries.

The Massif Capital Real Asset Strategy is a global long/short equity strategy built around bottom-up stock picking. We are focused on creating a portfolio of businesses from within the Energy, Basic Materials and Industrial sectors that balance the environmental and economic realities of achieving a carbon-neutral economy.

Equity Bottom-Up

Lithium Americas Argentina Cor / Equity Bottom-Up

<ul><li>During the fourth quarter of 2024, the Massif Capital Real Assets Strategy was up 0.04% net of fees, with gross of fee gains from the long book of 0.18% and short book returns of 0.03%.</li><li>In 2024, the strategy was up 12.1% net of fees, with gross of fees gains from the long book of 12.1% and short book of 1.0%.</li><li>Through the 21st of January 2025, the portfolio is up 6.6%.</li></ul>

During the fourth quarter of 2024, the Massif Capital Real Assets Strategy was up 0.04% net of fees, with gross of fee gains from the long book of 0.18% and short book returns of 0.03%.In 2024, the strategy was up 12.1% net of fees, with gross of fees gains from the long book of 12.1% and short book of 1.0%.Through the 21st of January 2025, the portfolio is up 6.6%.

Massif Capital 4th Quarter 2024 Letter to Investors

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Siemens Energy is a major player in the global energy technology and service industry, with a significant role in global electricity generation.</li><li>The company is facing challenges in its wind turbine business but is well-positioned to benefit from power demand growth and decarbonization trends.</li><li>Analysts believe Siemens Energy has the potential to double in value over the next year due to its strong balance sheet, growing backlog, and attractive valuation.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Siemens Energy is a major player in the global energy technology and service industry, with a significant role in global electricity generation.The company is facing challenges in its wind turbine business but is well-positioned to benefit from power demand growth and decarbonization trends.Analysts believe Siemens Energy has the potential to double in value over the next year due to its strong balance sheet, growing backlog, and attractive valuation.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Siemens Energy (ENR GY) - Monday, May 13, 2024

Podcast by Dom Cooke to explore big businesses, Business Breakdowns

Business Breakdowns

Podcast by Dom Cooke to explore big businesses

Learn how companies work from the people who know them best. We do deep research and interview industry veterans, investment professionals, and corporate executives to explain the inner workings of public stocks and private businesses. For each company, we break down their history, business model, financial statements, secret sauce, and bull/bear case. We believe every business has lessons to teach us and Breakdowns is here to highlight them. Learn more and stay up to date at www.joincolossus.com.

<ul><li>Siemens Energy is a spin-off from Siemens focused on gas, power, and renewables, positioning itself at the forefront of the energy transition.</li><li>The company faces challenges, particularly in its renewables division, dealing with supply chain disruptions and technical issues.</li><li>Mark Heiley, founder of The Analyst, discusses Siemens Energy's history, impetus for demerger, and potential in addressing renewable energy challenges.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Siemens Energy is a spin-off from Siemens focused on gas, power, and renewables, positioning itself at the forefront of the energy transition.The company faces challenges, particularly in its renewables division, dealing with supply chain disruptions and technical issues.Mark Heiley, founder of The Analyst, discusses Siemens Energy's history, impetus for demerger, and potential in addressing renewable energy challenges.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Siemens Energy: Winds of Change - [Business Breakdowns, EP.177]

Thematic (Sector/Industry)

<ul><li>Inflation and Market Dynamics: In this letter, we discuss persistent inflationary pressures and potential misallocation of capital in financial markets that could lead to future economic instability.</li><li>Of specific concern is persistent under-investment in the Real Asset Ecosystem, which includes commodity producers and industries with significant vertical linkages to commodities, an ecosystem of businesses that ensure sustainable economic growth and stability.</li><li>We review our Enviox and Siemens Energy investment thesis and explain continued confidence in our lithium investments despite widespread negative EV sentiment.</li></ul>

Inflation and Market Dynamics: In this letter, we discuss persistent inflationary pressures and potential misallocation of capital in financial markets that could lead to future economic instability.Of specific concern is persistent under-investment in the Real Asset Ecosystem, which includes commodity producers and industries with significant vertical linkages to commodities, an ecosystem of businesses that ensure sustainable economic growth and stability.We review our Enviox and Siemens Energy investment thesis and explain continued confidence in our lithium investments despite widespread negative EV sentiment.

Germany

Siemens Energy AG operates as a renewable energy company. The Company offers power generation and transmission, technical consultancy, and operation and maintenance services. Siemens Energy serves customers worldwide.

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Siemens Energy AG (ENR GR)

Solactive Global Uranium & Nuclear Components Index Rebalance: DeepSeek Led Selloff & 1 Delete

GoviEx Uranium will be deleted from the URA ETF on Friday. The deletion plus capping changes lead to a one-way turnover of 5.8% resulting in a...

Brian Freitas

Massif Capital 4th Quarter 2024 Letter to Investors

During the fourth quarter of 2024, the Massif Capital Real Assets Strategy was up 0.04% net of fees, with gross of fee gains from the long book of...

Massif Capital Research

Siemens Energy (ENR GY) - Monday, May 13, 2024

Siemens Energy is a major player in the global energy technology and service industry, with a significant role in global electricity generation.

Value Investors Club (VIC)

Siemens Energy: Winds of Change - [Business Breakdowns, EP.177]

Public.com offers a 5.1% APY with no fees, featuring a Business Breakdowns series that includes a focus on Siemens Energy, a spin off from Siemens...

Business Breakdowns

2nd Quarter 2024 Letter to Investors

In this letter, we discuss persistent inflationary pressures and potential misallocation of capital in financial markets that could lead to future...

Massif Capital Research

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