In today’s briefing:
- MV Australia Resources Index Rebalance: Two Adds, Float & Capping Changes
- MV Global Rare Earth/Strategic Metals Index Rebalance: One Add, One Delete & Other Changes
MV Australia Resources Index Rebalance: Two Adds, Float & Capping Changes
- Capricorn Metals (CMM AU) and Genesis Minerals (GMD AU) will be added to the Vaneck Vectors Australian Re (MVR AU) in June.
- Constituent changes, float changes and capping changes result in an estimated one-way turnover of 8% and a round-trip trade of A$49m.
- There has been short covering in both adds over the last couple of years. While short interest is relatively smaller in Capricorn Metals, it is much higher in Genesis Minerals.
MV Global Rare Earth/Strategic Metals Index Rebalance: One Add, One Delete & Other Changes
- IperionX Limited (IPX AU) will be added to the VanEck Rare Earth/Strategic Me (REMX US) and Patriot Battery Metals (PMT CN) will be deleted.
- The constituent changes, float changes and capping changes result in an estimated one-way turnover of 6.3% and in a round-trip trade of US$48m.
- The largest inflows will be in IperionX, Iluka Resources and Albemarle, while the largest outflows will be from Patriot Battery Metals, AMG Critical Materials, Shenghe Resources and Lithium Americas.
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