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

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/core-lithium-ltd" target="_blank" data-smartkarma-citation="entities:14712:1" rel="noopener">Core Lithium Ltd (CXO AU)</a>, <a href="https://www.smartkarma.com/entities/lake-resources-nl" target="_blank" data-smartkarma-citation="entities:14597:1" rel="noopener">Lake Resources Nl (LKE AU)</a> and Piedmont Lithium ADR have been added to the MVIS Global Rare Earth/Strategic Metals Index. <a href="https://www.smartkarma.com/entities/avz-minerals-ltd" target="_blank" data-smartkarma-citation="entities:6148:1" rel="noopener">AVZ Minerals</a> has been deleted. </li>
<li>
<a href="https://www.smartkarma.com/entities/core-lithium-ltd" target="_blank" data-smartkarma-citation="entities:14712:1" rel="noopener">Core Lithium Ltd (CXO AU)</a> and <a href="https://www.smartkarma.com/entities/lake-resources-nl" target="_blank" data-smartkarma-citation="entities:14597:1" rel="noopener">Lake Resources Nl (LKE AU)</a> are <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> additions that will be also implemented at the close of trading on 17 June.</li>
<li>With only 4 trading days to implementation (Monday is a holiday), the stocks with significant days of ADV to trade could out(under)perform their peers and the market.</li>
</ul>



Core Lithium Ltd (CXO AU), Lake Resources Nl (LKE AU) and Piedmont Lithium ADR have been added to the MVIS Global Rare Earth/Strategic Metals Index. AVZ Minerals has been deleted. 

Core Lithium Ltd (CXO AU) and Lake Resources Nl (LKE AU) are S&amp;P/ASX 200 additions that will be also implemented at the close of trading on 17 June.
With only 4 trading days to implementation (Monday is a holiday), the stocks with significant days of ADV to trade could out(under)perform their peers and the market.


MVIS Global Rare Earth/Strategic Metals Index Rebalance: CXO & LKE Added; AVZ Out

<ul>
<li>Close to the 85% inclusion threshold, <a href="https://www.smartkarma.com/entities/core-lithium-ltd" target="_blank" data-smartkarma-citation="entities:14712:1" rel="noopener">Core Lithium Ltd</a> could be added to the MVIS Global Rare Earth/Strategic Metals Index in June. <a href="https://www.smartkarma.com/entities/lake-resources-nl" target="_blank" data-smartkarma-citation="entities:14597:1" rel="noopener">Lake Resources Nl (LKE AU)</a> is also close.</li>
<li>
<a href="https://www.smartkarma.com/entities/australian-strategic-materials" target="_blank" data-smartkarma-citation="entities:30815:1" rel="noopener">Australian Strategic Materials (ASM AU)</a> is very close to the 98% deletion threshold. Even if it is not deleted, there will be passive selling due to capping changes.</li>
<li>Yesterday was the cutoff date for the June review, so today's steep fall in prices will not affect the ranking of the potential changes.</li>
</ul>


Close to the 85% inclusion threshold, Core Lithium Ltd could be added to the MVIS Global Rare Earth/Strategic Metals Index in June. Lake Resources Nl (LKE AU) is also close.

Australian Strategic Materials (ASM AU) is very close to the 98% deletion threshold. Even if it is not deleted, there will be passive selling due to capping changes.
Yesterday was the cutoff date for the June review, so today's steep fall in prices will not affect the ranking of the potential changes.


MVIS Global Rare Earth/​​​Strategic Metals Index Rebalance Preview: Stocks Plunge as Cutoff Passes

<ul>
<li>
<a href="https://www.smartkarma.com/entities/core-lithium-ltd" target="_blank" data-smartkarma-citation="entities:14712:1" rel="noopener">Core Lithium Ltd (CXO AU)</a> could be added to the MVIS Global Rare Earth/Strategic Metals Index in June. <a href="https://www.smartkarma.com/entities/lake-resources-nl" target="_blank" data-smartkarma-citation="entities:14597:1" rel="noopener">Lake Resources Nl (LKE AU)</a> is the next highest ranked non-index constituent.</li>
<li>Irrespective of whether there are inclusions, there will be passive selling on <a href="https://www.smartkarma.com/entities/ioneer-ltd" target="_blank" data-smartkarma-citation="entities:10264:1" rel="noopener">ioneer Ltd (INR AU)</a> and <a href="https://www.smartkarma.com/entities/australian-strategic-materials" target="_blank" data-smartkarma-citation="entities:30815:1" rel="noopener">Australian Strategic Materials (ASM AU)</a> due to capping changes to the index constituents.</li>
<li>Inclusions to the index jump post announcement. The review cutoff date is 31 May, so weakness in the potential inclusions could be used to pre-position (if they outperform index constituents).</li>
</ul>



Core Lithium Ltd (CXO AU) could be added to the MVIS Global Rare Earth/Strategic Metals Index in June. Lake Resources Nl (LKE AU) is the next highest ranked non-index constituent.
Irrespective of whether there are inclusions, there will be passive selling on ioneer Ltd (INR AU) and Australian Strategic Materials (ASM AU) due to capping changes to the index constituents.
Inclusions to the index jump post announcement. The review cutoff date is 31 May, so weakness in the potential inclusions could be used to pre-position (if they outperform index constituents).


MVIS Global Rare Earth/​​Strategic Metals Index Rebalance Preview: Potential Adds & Capping Flows

<ul>
<li>
<a href="https://www.smartkarma.com/entities/Ioneer-ltd" target="_blank" data-smartkarma-citation="entities:10264:1" rel="noopener">ioneer (INR AU)</a> and <a href="https://www.smartkarma.com/entities/avz-minerals-ltd" target="_blank" data-smartkarma-citation="entities:6148:1" rel="noopener">AVZ Minerals (AVZ AU)</a> will be included in the MVIS Global Rare Earth/Strategic Metals Index at the close of trading on 17 December.</li>
<li>
<a href="https://www.smartkarma.com/entities/jinduicheng-molybdenum-co-ltd" target="_blank" data-smartkarma-citation="entities:2121:1" rel="noopener">Jinduicheng Molybdenum Co, Ltd. (601958 CH)</a> and <a href="https://www.smartkarma.com/entities/toho-titanium-co-ltd" target="_blank" data-smartkarma-citation="entities:12709:1" rel="noopener">Toho Titanium (5727 JP)</a> will be deleted from the index at the same time. There will be capping and funding changes too.</li>
<li>There is a large impact on the adds, deletes and some other stocks. There was a recent stock placement on AVZ, while LTR is an inclusion in the ASX200.</li>
</ul>



ioneer (INR AU) and AVZ Minerals (AVZ AU) will be included in the MVIS Global Rare Earth/Strategic Metals Index at the close of trading on 17 December.

Jinduicheng Molybdenum Co, Ltd. (601958 CH) and Toho Titanium (5727 JP) will be deleted from the index at the same time. There will be capping and funding changes too.
There is a large impact on the adds, deletes and some other stocks. There was a recent stock placement on AVZ, while LTR is an inclusion in the ASX200.


MVIS Global Rare Earth/Strategic Metals Index Rebalance: Some Big Impact Changes

United States

VanEck Rare Earth/Strategic Metals ETF is an exchange-traded fund in the USA. The Fund seeks to replicate the performance of the MVIS Rare Earth/Strategic Metals Index. The constituents include a majority of mining companies domiciled in the US, China, and Australia. The Fund rebalances the holdings on a quarterly basis and market cap weights them.

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VanEck Rare Earth/Strategic Me (REMX US)

MVIS Global Rare Earth/Strategic Metals Index Rebalance: CXO & LKE Added; AVZ Out

CXO AU and LKE AU have been added to the REMX, while AVZ has been deleted. CXO and LKE are also adds to the ASX200 Index with both implementations...

Brian Freitas

MVIS Global Rare Earth/Strategic Metals Index Rebalance Preview: Stocks Plunge as Cutoff Passes

Core Lithium could be added to the REMX in June. Lake Resources could miss out on index inclusion. ASM will be sold due to funding flows but is...

Brian Freitas

MVIS Global Rare Earth/Strategic Metals Index Rebalance Preview: Potential Adds & Capping Flows

Core Lithium could be added to the REMX Index in June. Lake Resources is the next potential add. Both stocks are potential ASX200 adds in June....

Brian Freitas

MVIS Global Rare Earth/Strategic Metals Index Rebalance: Some Big Impact Changes

AVZ Minerals and ioneer have been added to the MVIS Global Rare Earth/Strategic Metals Index while Jinduicheng Molybdenum and Toho Titanium have...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

MVIS Global Rare Earth/Strategic Metals Index Rebalance: CXO & LKE Added; AVZ Out

CXO AU and LKE AU have been added to the REMX, while AVZ has been deleted. CXO and LKE are also adds to the ASX200 Index with both implementations...

Brian Freitas

MVIS Global Rare Earth/​​​Strategic Metals Index Rebalance Preview: Stocks Plunge as Cutoff Passes

Core Lithium could be added to the REMX in June. Lake Resources could miss out on index inclusion. ASM will be sold due to funding flows but is...

Brian Freitas

MVIS Global Rare Earth/​​Strategic Metals Index Rebalance Preview: Potential Adds & Capping Flows

Core Lithium could be added to the REMX Index in June. Lake Resources is the next potential add. Both stocks are potential ASX200 adds in June....

Brian Freitas

MVIS Global Rare Earth/Strategic Metals Index Rebalance: Some Big Impact Changes

AVZ Minerals and ioneer have been added to the MVIS Global Rare Earth/Strategic Metals Index while Jinduicheng Molybdenum and Toho Titanium have...

Brian Freitas

MVIS Global Rare Earth/Strategic Metals Index Rebalance Preview: Stocks Plunge as Cutoff Passes

MVIS Global Rare Earth/Strategic Metals Index Rebalance Preview: Potential Adds & Capping Flows