Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The SE600 index is one of the most widely followed benchmark indices in Europe. This index is rebalanced on a quarterly basis.</li>
<li>The base date for rankings for the June 2024 index rebal event is 31st May 2024. In this insight, we take a look at the latest list of potential ADDs/DELs.</li>
<li>Currently, I see 7 ADDs and 7 DELs for the SE600 index. There are more names just outside the border requiring small price changes to get involved in index changes.</li>
</ul>


The SE600 index is one of the most widely followed benchmark indices in Europe. This index is rebalanced on a quarterly basis.
The base date for rankings for the June 2024 index rebal event is 31st May 2024. In this insight, we take a look at the latest list of potential ADDs/DELs.
Currently, I see 7 ADDs and 7 DELs for the SE600 index. There are more names just outside the border requiring small price changes to get involved in index changes.


Quiddity Leaderboard SE600 Jun 24: Potential ADDs Could Continue to Outperform Potential DELs

Samhällsbyggnadsbolaget I Norden AB / Index Rebalance

Samhällsbyggnadsbolaget I Norden AB (SBBB SS)

<ul>
<li>The June 2023 regular rebalance index changes for the SE600 index and the EURSTX index were announced after the close yesterday.</li>
<li>There are 8 ADDs/DELs for the SE600 index and 3 ADDs and 2 DELs for the EURSTX index.</li>
<li>In this insight, we take a closer look at our final index flow expectations for June 2023.</li>
</ul>


The June 2023 regular rebalance index changes for the SE600 index and the EURSTX index were announced after the close yesterday.
There are 8 ADDs/DELs for the SE600 index and 3 ADDs and 2 DELs for the EURSTX index.
In this insight, we take a closer look at our final index flow expectations for June 2023.


SE600 Jun 23 Rebal: Past Trades Successful, DELs Could Underperform Index over the Next ~2 Weeks

Event-Driven

<ul>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs for the STX Europe 600 and EUROSTX Indices for the June 2023 Rebalance.</li>
<li>I currently expect <a href="https://www.smartkarma.com/entities/credit-suisse-group-ag-f4b24f0c-c294-40b3-b491-759f0cb277e9" target="_blank" data-smartkarma-citation="entities:27915:1" rel="noopener">Credit Suisse (CSGN SW)</a> and <a href="https://www.smartkarma.com/entities/al-noor-hospitals-group-plc" target="_blank" data-smartkarma-citation="entities:21813:1" rel="noopener">Mediclinic International (MDC LN)</a> to be deleted in the next few trading days</li>
<li>Separately, there could be five ADDs and DELs during the regular review in June 2023.</li>
</ul>


In this insight, we take a look at the names leading the race to become ADDs/DELs for the STX Europe 600 and EUROSTX Indices for the June 2023 Rebalance.
I currently expect Credit Suisse (CSGN SW) and Mediclinic International (MDC LN) to be deleted in the next few trading days
Separately, there could be five ADDs and DELs during the regular review in June 2023.


Quiddity Leaderboard SE600 Jun 23: Credit Suisse Deletion Imminent; Multiple Changes in June

Santander Bank Polska SA / Index Rebalance

<ul>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs for the STX Europe 600 and EUROSTX Indices for the March 2023 Rebalance.</li>
<li>There is roughly one more month left to the base date. At present, I see around 3 ADDs/DELs in the June 2023 review.</li>
<li>Separately, STX Europe 600 members <a href="https://www.smartkarma.com/entities/credit-suisse-group-ag-f4b24f0c-c294-40b3-b491-759f0cb277e9" target="_blank" data-smartkarma-citation="entities:27915:1" rel="noopener">Credit Suisse (CSGN SW)</a> and <a href="https://www.smartkarma.com/entities/vantage-towers-ag" target="_blank" data-smartkarma-citation="entities:35602:1" rel="noopener">Vantage Towers (VTWR GR)</a> could possibly get deleted in the next few months triggering intra-review index changes.</li>
</ul>


In this insight, we take a look at the names leading the race to become ADDs/DELs for the STX Europe 600 and EUROSTX Indices for the March 2023 Rebalance.
There is roughly one more month left to the base date. At present, I see around 3 ADDs/DELs in the June 2023 review.
Separately, STX Europe 600 members Credit Suisse (CSGN SW) and Vantage Towers (VTWR GR) could possibly get deleted in the next few months triggering intra-review index changes.


Quiddity Leaderboard SE600 Jun 23: Three ADDs/DELs Likely

<ul>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs for the STOXX Europe 600 and EURO STOXX Indices for the March 2023 Rebalance.</li>
<li>As it stands, I see 6 ADDs/DELs for the STOXX Europe 600 index and 3 ADDs and 2 DELs for the Euro STOXX Index in March 2023.</li>
<li>There are several names requiring a small price change to trigger more constituent changes and with few more days left to the reference date, a lot can change.</li>
</ul>


In this insight, we take a look at the names leading the race to become ADDs/DELs for the STOXX Europe 600 and EURO STOXX Indices for the March 2023 Rebalance.
As it stands, I see 6 ADDs/DELs for the STOXX Europe 600 index and 3 ADDs and 2 DELs for the Euro STOXX Index in March 2023.
There are several names requiring a small price change to trigger more constituent changes and with few more days left to the reference date, a lot can change.


Quiddity Leaderboard SE600 Mar 23: Linde Deletion and 6 Regular ADDs/DELs

United Kingdom

WHSmith is a global travel retailer operating stores that sell books, stationery, magazines, newspapers, entertainment products, and confectionery. The company focuses on locations in travel hubs such as railway stations, airports, ports, hospitals, and motorway service stations. It was founded in 1792 in London, England.

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WHSmith (SMWH LN)

Quiddity Leaderboard SE600 Jun 24: Potential ADDs Could Continue to Outperform Potential DELs

The Top 10 potential ADDs have strongly outperformed the Top 7 potential DELs in the last 1-month, 3-month, and 1-year periods. I expect this trend...

Janaghan Jeyakumar, CFA

SE600 Jun 23 Rebal: Past Trades Successful, DELs Could Underperform Index over the Next ~2 Weeks

The changes are mostly in line with expectations. SE600 and EURSTX DELs have historically managed to underperform the SE600 index on average from...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard SE600 Jun 23: Credit Suisse Deletion Imminent; Multiple Changes in June

The rankings for the June 2023 review will be based on float market caps as at the close of trading on 31st May 2023. The Top 5 Potential ADDs...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard SE600 Jun 23: Three ADDs/DELs Likely

The top 5 Potential ADDs have strong positive momentum and the top 5 potential DELs have strong negative momentum. This could continue over the...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard SE600 Mar 23: Linde Deletion and 6 Regular ADDs/DELs

I expect Linde AG (LIN GR) to be replaced by Sinch (SINCH SS) in the STOXX Europe 600 index at the end of February 2023 (before the March 2023...

Janaghan Jeyakumar, CFA

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