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 could be 1 change for the ASX20, 2 for the ASX50, 3 for the ASX100, 4 for the <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200</a> and 17 adds/10 deletes for the ASX300 in March.</li>
<li>Passive trackers will need to trade a lot of stock in the forecast changes, with the impact being especially large for the changes to the <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a>. </li>
<li>While the forecast adds have outperformed the forecast deletes over the last few months, there was a drawdown for most indices in January. Most of that underperformance has now reversed.</li>
</ul>


There could be 1 change for the ASX20, 2 for the ASX50, 3 for the ASX100, 4 for the S&amp;P/ASX 200 and 17 adds/10 deletes for the ASX300 in March.
Passive trackers will need to trade a lot of stock in the forecast changes, with the impact being especially large for the changes to the S&amp;P/ASX 200 (AS51 INDEX). 
While the forecast adds have outperformed the forecast deletes over the last few months, there was a drawdown for most indices in January. Most of that underperformance has now reversed.


S&P/​​​​​​​​​ASX Index Rebalance Preview (Mar 26): Plenty of Change with Big Flow & Impact

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Commonwealth Bank of Australia / Event-Driven

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day.</li>
<li>The largest industry net increase in the past week was into "Diversified Meals"; the largest industry net decrease was out of "Steel".</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/commonwealth-bank-of-australia" target="_blank" data-smartkarma-citation="entities:14:1" rel="noopener">Commonwealth Bank of Australia (CBA AU)</a>, <a href="https://www.smartkarma.com/entities/fortescue-metals-group-ltd" target="_blank" data-smartkarma-citation="entities:41:1" rel="noopener">Fortescue Metals (FMG AU)</a>, <a href="https://www.smartkarma.com/entities/amp-ltd" target="_blank" data-smartkarma-citation="entities:678:1" rel="noopener">AMP Ltd (AMP AU)</a>, <a href="https://www.smartkarma.com/entities/sims-metal-management-ltd" target="_blank" data-smartkarma-citation="entities:18184:1" rel="noopener">Sims Metal Management (SGM AU)</a>, <a href="https://www.smartkarma.com/entities/nufarm-ltd-australia" target="_blank" data-smartkarma-citation="entities:1128:1" rel="noopener">Nufarm Ltd (NUF AU)</a>.
</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day.
The largest industry net increase in the past week was into "Diversified Meals"; the largest industry net decrease was out of "Steel".
Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), Fortescue Metals (FMG AU), AMP Ltd (AMP AU), Sims Metal Management (SGM AU), Nufarm Ltd (NUF AU).



Aussie Shorts (16 Feb 2026): Commonwealth Bank, Fortescue Metals, AMP, Sims Metal Management, Nufarm

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 Feb 13th (reported today). The aggregated short interest was USD34.6bn.</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 ALS, Northern Star Resources, CSL, AMP, CAR.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Feb 13th (reported today). The aggregated short interest was USD34.6bn.
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 ALS, Northern Star Resources, CSL, AMP, CAR.


ASX Short Interest Weekly (Feb 13th): ALS, Northern Star Resources, CSL, AMP, CAR

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day.</li>
<li>The largest industry net increase in the past week was into "Banks"; the largest industry net decrease was A$630mn out of "Metals &amp; Mining".</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/commonwealth-bank-of-australia" target="_blank" data-smartkarma-citation="entities:14:1" rel="noopener">Commonwealth Bank of Australia (CBA AU)</a>, <a href="https://www.smartkarma.com/entities/sigma-healthcare-ltd" target="_blank" data-smartkarma-citation="entities:15966:1" rel="noopener">Sigma Healthcare (SIG AU)</a>, <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>, and <a href="https://www.smartkarma.com/entities/seek-ltd" target="_blank" data-smartkarma-citation="entities:676:1" rel="noopener">Seek Ltd (SEK AU)</a>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day.
The largest industry net increase in the past week was into "Banks"; the largest industry net decrease was A$630mn out of "Metals &amp; Mining".
Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), Sigma Healthcare (SIG AU), Evolution Mining (EVN AU), and Seek Ltd (SEK AU).


Aussie Shorts (9 Feb 2026): Commonwealth Bank of Australia, Sigma Healthcare, Evolution Mining, Seek

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Feb 6th (reported today). The aggregated short interest was USD33.4bn.</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 BHP, Xero, Origin Energy, Commonwealth Bank Of Australia, Rea.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Feb 6th (reported today). The aggregated short interest was USD33.4bn.
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 BHP, Xero, Origin Energy, Commonwealth Bank Of Australia, Rea.


ASX Short Interest Weekly (Feb 6th): BHP, Xero, Origin Energy, Commonwealth Bank Of Australia, Rea

Australia

Telix Pharmaceuticals Limited operates as a biotechnology company. The Company develops and commercializes molecularly-targeted radiation therapy for the treatment of prostate, renal, and brain cancer. Telix Pharmaceuticals serves patients worldwide.

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Telix Pharmaceuticals (TLX AU)

S&P/ASX Index Rebalance Preview (Mar 26): Plenty of Change with Big Flow & Impact

There could be 46 changes across the ASX family of indices in March. Passive trackers need to trade a lot of stock in many names. Some names are...

Brian Freitas

Aussie Shorts (16 Feb 2026): Commonwealth Bank, Fortescue Metals, AMP, Sims Metal Management, Nufarm

Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), Fortescue Metals (FMG AU), AMP Ltd (AMP AU),...

David Blennerhassett

ASX Short Interest Weekly (Feb 13th): ALS, Northern Star Resources, CSL, AMP, CAR

We analyzed ASX short interest report for the past week and highlight short interest changes in ALS, Northern Star Resources, CSL, AMP, CAR.

Ke Yan, CFA, FRM

Aussie Shorts (9 Feb 2026): Commonwealth Bank of Australia, Sigma Healthcare, Evolution Mining, Seek

Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), Sigma Healthcare (SIG AU), Evolution Mining...

David Blennerhassett

ASX Short Interest Weekly (Feb 6th): BHP, Xero, Origin Energy, Commonwealth Bank Of Australia, Rea

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Xero, Origin Energy, Commonwealth Bank Of...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

S&P/​​​​​​​​​ASX Index Rebalance Preview (Mar 26): Plenty of Change with Big Flow & Impact

There could be 46 changes across the ASX family of indices in March. Passive trackers need to trade a lot of stock in many names. Some names are...

Brian Freitas

Aussie Shorts (16 Feb 2026): Commonwealth Bank, Fortescue Metals, AMP, Sims Metal Management, Nufarm

Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), Fortescue Metals (FMG AU), AMP Ltd (AMP AU),...

David Blennerhassett

ASX Short Interest Weekly (Feb 13th): ALS, Northern Star Resources, CSL, AMP, CAR

We analyzed ASX short interest report for the past week and highlight short interest changes in ALS, Northern Star Resources, CSL, AMP, CAR.

Ke Yan, CFA, FRM

Aussie Shorts (9 Feb 2026): Commonwealth Bank of Australia, Sigma Healthcare, Evolution Mining, Seek

Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), Sigma Healthcare (SIG AU), Evolution Mining...

David Blennerhassett

ASX Short Interest Weekly (Feb 6th): BHP, Xero, Origin Energy, Commonwealth Bank Of Australia, Rea

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Xero, Origin Energy, Commonwealth Bank Of...

Ke Yan, CFA, FRM

S&P/ASX Index Rebalance Preview (Mar 26): Plenty of Change with Big Flow & Impact