Brian Freitas

Pan-Asia Index Rebalances/Events/Delta One

Periscope Analytics

Event-Driven

<ul>
<li>Changes to the S&amp;P/ASX indices, FTSE All-World/All-Cap, <a href="https://www.smartkarma.com/entities/vaneck-vectors-rare-earth-strategic-metals-etf" target="_blank" data-smartkarma-citation="entities:32320:1" rel="noopener">VanEck Vectors Rare Earth/Strategic Metals (REMX US)</a> and <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 (GDXJ US)</a> will be implemented at the close tomorrow.</li>
<li>The stocks with passive inflows have outperformed the stocks with passive outflows over the last couple of months and post-announcement. There will be pre-positions on a lot of names.</li>
<li>Short interest has increased on nearly all the deletes from the S&amp;P/ASX indices, while short interest movement on the stocks with passive inflows has been mixed.</li>
</ul>

<ul>
<li>Early last week was the review cutoff for the FTSE country indices and the EPRA Nareit, while the changes to the CSI300 and STAR50 indices were announced on Friday.</li>
<li>Monday will see tranche 2 of the <a href="https://www.smartkarma.com/entities/tokyo-stock-exchange-tokyo-price-index-topix" target="_blank" data-smartkarma-citation="entities:22910:1" rel="noopener">TPX INDEX</a> FFW changes implemented, while Tuesday is MSCI implementation day and a bunch of review cutoffs.</li>
<li>There were large inflows to the <a href="https://www.smartkarma.com/entities/ishares-edge-msci-min-vol-emerging-markets-etf" target="_blank" data-smartkarma-citation="entities:725:1" rel="noopener">IShares Edge MSCI Min Vol Emerging Markets ETF (EEMV US)</a> and outflows from the <a href="https://www.smartkarma.com/entities/ishares-msci-em-esg-optimized" target="_blank" data-smartkarma-citation="entities:25875:1" rel="noopener">iShares MSCI EM ESG Optimized (ESGE US)</a> ETF.</li>
</ul>

<ul>
<li>
<a href="https://www.smartkarma.com/entities/the-lottery-corporation-limited" target="_blank" data-smartkarma-citation="entities:35970:1" rel="noopener">The Lottery Corp (TLC AU)</a> and new <a href="https://www.smartkarma.com/entities/tabcorp-holdings-ltd" target="_blank" data-smartkarma-citation="entities:6837:1" rel="noopener">Tabcorp Ltd (TAH AU)</a> have commenced trading today as standalone entities following their demerger.</li>
<li>We expect <a href="https://www.smartkarma.com/entities/tabcorp-holdings-ltd" target="_blank" data-smartkarma-citation="entities:6837:1" rel="noopener">Tabcorp Ltd (TAH AU)</a> to be deleted from the S&amp;P/ASX50 and S&amp;P/ASX100 indices at the June rebalance, while it would remain in 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>Given <a href="https://www.smartkarma.com/entities/crown-resorts-ltd" target="_blank" data-smartkarma-citation="entities:808:1" rel="noopener">Crown Resorts (CWN AU)</a> has delayed the second court hearing, there should be an extra deletion from 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> in June.</li>
</ul>

<ul>
<li>Plenty of review announcements after the close on Friday - HSI, HSCEI, HSTECH, FTSE AW/AC, Sensex. Most changes were as expected.</li>
<li>There are a lot of review cutoffs on Monday and announcements expected later in the week (KOSPI200, KOSDAQ150, CSI300, STAR50).</li>
<li>There were inflows to Hong Kong, Taiwan, Korea and Australia focused ETFs during the week, while there were outflows from China, Japan and India focused ETFs.</li>
</ul>

<ul>
<li>The <a href="https://www.smartkarma.com/entities/crown-resorts-ltd" target="_blank" data-smartkarma-citation="entities:808:1" rel="noopener">Crown Resorts</a> Scheme Meeting is scheduled for 20 May and the last trading day could be 24 May, while <a href="https://www.smartkarma.com/entities/the-lottery-corporation-limited" target="_blank" data-smartkarma-citation="entities:35970:1" rel="noopener">The Lottery Corp</a> is expected to start trading 24 May.</li>
<li>The changes for the S&amp;P/ASX 50 Index and S&amp;P/ASX 100 Index will depend on the market cap of <a href="https://www.smartkarma.com/entities/the-lottery-corporation-limited" target="_blank" data-smartkarma-citation="entities:35970:1" rel="noopener">The Lottery Corp (TLC AU)</a> and new <a href="https://www.smartkarma.com/entities/tabcorp-holdings-ltd" target="_blank" data-smartkarma-citation="entities:6837:1" rel="noopener">Tabcorp Ltd (TAH AU)</a>.</li>
<li>The potential adds have outperformed the potential deletes over the last week and couple of months so there will be some pre-positions in there already.</li>
</ul>

Australia

The Lottery Corporation Limited provides casino and gaming services. The Company offers lottery tickets online, get the latest winning numbers, play games, and more. Lottery Corp serves customers in Australia.

The Lottery Corp - TLC AU

Description