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>Sai Gon VRG Investment Corporation (SIP VN) will be added to the MarketVector Vietnam Local Index at the close on 20 December.</li>
<li>Estimated one-way turnover is 5.1% and that results in a one-way trade of US$23m. There are a few stocks with more than 1x ADV to buy from passives.</li>
<li>The largest passive inflows will be in <a href="https://www.smartkarma.com/entities/vix-securities-joint-stock-company" target="_blank" data-smartkarma-citation="entities:35885:1" rel="noopener">VIX Securities (VIX VN)</a>, <a href="https://www.smartkarma.com/entities/vietnam-dairy-products-jsc" target="_blank" data-smartkarma-citation="entities:19635:1" rel="noopener">Vietnam Dairy Products JSC (VNM VN)</a>, <a href="https://www.smartkarma.com/entities/hoa-phat-group-jsc" target="_blank" data-smartkarma-citation="entities:5813:1" rel="noopener">Hoa Phat Group Jsc (HPG VN)</a> and <a href="https://www.smartkarma.com/entities/jsc-bank-for-foreign-trade-of-vietnam-vietcombank" target="_blank" data-smartkarma-citation="entities:23054:1" rel="noopener">Vietcombank (VCB VN)</a>. </li>
</ul>


Sai Gon VRG Investment Corporation (SIP VN) will be added to the MarketVector Vietnam Local Index at the close on 20 December.
Estimated one-way turnover is 5.1% and that results in a one-way trade of US$23m. There are a few stocks with more than 1x ADV to buy from passives.
The largest passive inflows will be in VIX Securities (VIX VN), Vietnam Dairy Products JSC (VNM VN), Hoa Phat Group Jsc (HPG VN) and Vietcombank (VCB VN). 


MarketVector Vietnam Local Index Rebalance: One Add, Float & Capping Changes

<ul>
<li>There are no constituent changes for the index but there are float and capping changes that will be implemented at the close on 15 September.</li>
<li>Estimated one-way turnover is 3.3% and the one-way trade is US$21.5m. There are eight stocks where passive trackers need to trade over 1 day of ADV.</li>
<li>After large creations for <a href="https://www.smartkarma.com/entities/market-vectors-vietnam-etf" target="_blank" data-smartkarma-citation="entities:648:1" rel="noopener">Market Vectors Vietnam ETF (VNM US)</a> at the start of the year, there has not been a lot of follow-on activity as the market moves higher.</li>
</ul>


There are no constituent changes for the index but there are float and capping changes that will be implemented at the close on 15 September.
Estimated one-way turnover is 3.3% and the one-way trade is US$21.5m. There are eight stocks where passive trackers need to trade over 1 day of ADV.
After large creations for Market Vectors Vietnam ETF (VNM US) at the start of the year, there has not been a lot of follow-on activity as the market moves higher.


MarketVector Vietnam Local Index Rebalance: Some Big Impact Changes

Vietnam

VIX Securities provides stock brokerage, securities trading, underwriting for securities issues, and investment advisory services in Vietnam. It also offers finance, securities depository, and corporate finance consulting services. The company was founded in 2007 and is headquartered in Hanoi, Vietnam.

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VIX Securities (VIX VN)

MarketVector Vietnam Local Index Rebalance: One Add, Float & Capping Changes

Saigon Vrg Investment will be added to the index at the close 20 December. Estimated one-way turnover is 5.1% and that results in a one-way trade...

Brian Freitas

MarketVector Vietnam Local Index Rebalance: Some Big Impact Changes

Float and capping changes lead to an estimated one-way turnover is 3.3% and a one-way trade is US$21.5m. There are eight stocks where passive...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)