Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The ADDs/DELs for the T50, T100, and TDIV indices were confirmed after market close on Friday 5th June 2026.</li>
<li>There will be 4 ADDs/DELs for T50, 14 separate ADDs/DELs for T100, and 5 ADDs/4DELs for TDIV.</li>
<li>We correctly predicted all of these changes. We also had one extra ADD/DEL pair that did not materialize.</li>
</ul>


The ADDs/DELs for the T50, T100, and TDIV indices were confirmed after market close on Friday 5th June 2026.
There will be 4 ADDs/DELs for T50, 14 separate ADDs/DELs for T100, and 5 ADDs/4DELs for TDIV.
We correctly predicted all of these changes. We also had one extra ADD/DEL pair that did not materialize.


Quiddity T50/100/TDIV Jun26 Results: All Changes Correctly Predicted; Massive Flows Confirmed

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

<ul>
<li>There could be 6 adds, 5 deletes for the Yuanta/​P-Shares Taiwan Dividend Plus ETF in June as the tech rally creates multiple changes for the Yuanta/P-shares Taiwan Mid-Cap 100 ETF.</li>
<li>Constituent changes along with capping changes will lead to a one-way turnover of 26.4% and in a round-trip trade of TWD 386bn (US$12.2bn).</li>
<li>There are multiple stocks that have same-way or opposite flow from trackers of other Taiwan indices and present some interesting trading opportunities.</li>
</ul>


There could be 6 adds, 5 deletes for the Yuanta/​P-Shares Taiwan Dividend Plus ETF in June as the tech rally creates multiple changes for the Yuanta/P-shares Taiwan Mid-Cap 100 ETF.
Constituent changes along with capping changes will lead to a one-way turnover of 26.4% and in a round-trip trade of TWD 386bn (US$12.2bn).
There are multiple stocks that have same-way or opposite flow from trackers of other Taiwan indices and present some interesting trading opportunities.


Yuanta/P-Shares Taiwan Div+ ETF Rebalance Preview: 6 Adds, 5 Deletes; US$12bn Trade

<ul>
<li>The TDIV index tracks the top 50 names in the Taiwan Stock Exchange with the highest dividend yields. It is a yield-weighted index with unique capping rules.</li>
<li>Yesterday was the base date for the final ranks. We see six ADDs and five DELs for the June 2026 index rebal event.</li>
<li>We estimate one-way flow to be around US$5.6bn with many flow names having multiple days of volume to trade.</li>
</ul>


The TDIV index tracks the top 50 names in the Taiwan Stock Exchange with the highest dividend yields. It is a yield-weighted index with unique capping rules.
Yesterday was the base date for the final ranks. We see six ADDs and five DELs for the June 2026 index rebal event.
We estimate one-way flow to be around US$5.6bn with many flow names having multiple days of volume to trade.


Quiddity Leaderboard TDIV Jun26: Final Expectations; Many High-Impact Names; Mega Outflow Names

<ul>
<li>The T50 index represents the top 50 largest stocks by market capitalization on the Taiwan Stock Exchange. The T100 index represents the next 100 largest names (51-150 ranks).</li>
<li>Today is the base date for final ranks for the June 2026 index rebal event.</li>
<li>We have presented our final expectations for ADDs/DELs for the T50 and T100 indices in this insight. There are also very important consequences for the TDIV index.</li>
</ul>


The T50 index represents the top 50 largest stocks by market capitalization on the Taiwan Stock Exchange. The T100 index represents the next 100 largest names (51-150 ranks).
Today is the base date for final ranks for the June 2026 index rebal event.
We have presented our final expectations for ADDs/DELs for the T50 and T100 indices in this insight. There are also very important consequences for the TDIV index.


Quiddity Leaderboard T50/​​​100 Jun26: TDIV DELs Rise from 3 to 4 as Anticipated; Final Expectations

<ul>
<li>The TDIV index tracks the top 50 names on the Taiwan Stock Exchange with the highest dividend yields. It is a yield-weighted index with unique capping rules.</li>
<li>In this insight, we take a look at Quiddity's expectations for index changes and capping flows for the TDIV index for the June 2026 index rebal event.</li>
<li>As of the latest data, we expect 6 ADDs and 5 DELs and one-way flows of ~US$3.9bn including capping effects. </li>
</ul>


The TDIV index tracks the top 50 names on the Taiwan Stock Exchange with the highest dividend yields. It is a yield-weighted index with unique capping rules.
In this insight, we take a look at Quiddity's expectations for index changes and capping flows for the TDIV index for the June 2026 index rebal event.
As of the latest data, we expect 6 ADDs and 5 DELs and one-way flows of ~US$3.9bn including capping effects. 


Quiddity Leaderboard TDIV Jun26: Many Names with >10x ADV to Trade; Borderline Names to Be Monitored

Taiwan

Tung Ho Steel Enterprise Corporation manufactures and markets steel rods, H-shaped steel frames, steel plates, and reinforcements.

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Tung Ho Steel Enterprise (2006 TT)

Quiddity T50/100/TDIV Jun26 Results: All Changes Correctly Predicted; Massive Flows Confirmed

Across all 3 indices, we correctly predicted 27 of 27 confirmed changes (100% success rate) using 29 predictions (93% accuracy). Many names have...

Janaghan Jeyakumar, CFA

Yuanta/P-Shares Taiwan Div+ ETF Rebalance Preview: 6 Adds, 5 Deletes; US$12bn Trade

There could be 6 adds, 5 deletes and capping changes in June leading to a one-way turnover of 26.4% and in a round-trip trade of US$12.2bn. Many...

Brian Freitas

Quiddity Leaderboard TDIV Jun26: Final Expectations; Many High-Impact Names; Mega Outflow Names

Three outflow names have more than a billion dollars to sell. Mediatek (2454 TT), United Microelectronics (2303 TT), and ASE Tech (3711 TT) have...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/100 Jun26: TDIV DELs Rise from 3 to 4 as Anticipated; Final Expectations

In our last insight, we flagged TDIV member Makalot Industrial (1477 TT) as being close to the T100 deletion border. It has now crossed the border...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard TDIV Jun26: Many Names with >10x ADV to Trade; Borderline Names to Be Monitored

Far Eastone Telecomm (4904 TT) is the highest-impact inflow name with ~26x ADV to buy. The Shanghai Commercial (5876 TT) is the outflow name with...

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Quiddity T50/100/TDIV Jun26 Results: All Changes Correctly Predicted; Massive Flows Confirmed

Across all 3 indices, we correctly predicted 27 of 27 confirmed changes (100% success rate) using 29 predictions (93% accuracy). Many names have...

Janaghan Jeyakumar, CFA

Yuanta/P-Shares Taiwan Div+ ETF Rebalance Preview: 6 Adds, 5 Deletes; US$12bn Trade

There could be 6 adds, 5 deletes and capping changes in June leading to a one-way turnover of 26.4% and in a round-trip trade of US$12.2bn. Many...

Brian Freitas

Quiddity Leaderboard TDIV Jun26: Final Expectations; Many High-Impact Names; Mega Outflow Names

Three outflow names have more than a billion dollars to sell. Mediatek (2454 TT), United Microelectronics (2303 TT), and ASE Tech (3711 TT) have...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/​​​100 Jun26: TDIV DELs Rise from 3 to 4 as Anticipated; Final Expectations

In our last insight, we flagged TDIV member Makalot Industrial (1477 TT) as being close to the T100 deletion border. It has now crossed the border...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard TDIV Jun26: Many Names with >10x ADV to Trade; Borderline Names to Be Monitored

Far Eastone Telecomm (4904 TT) is the highest-impact inflow name with ~26x ADV to buy. The Shanghai Commercial (5876 TT) is the outflow name with...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/100 Jun26: TDIV DELs Rise from 3 to 4 as Anticipated; Final Expectations