In today’s briefing:
- Taiwan Div+ Index Basket Trade Review – Time To Swing The Other Direction
- IStyle’s @Cosme Gets a Boost from Amazon Investment
Taiwan Div+ Index Basket Trade Review – Time To Swing The Other Direction
- In August, Janaghan Jeyakumar, CFA published his leaderboard and flow estimates for the FTSE Taiwan Dividend+ Rebalance which starts today and runs through next Thursday.
- Late in August, I recommended a basket trade. Since then, the BUY basket has outperformed the SELL basket by 7.6%. Set & Forget it is up 7.2%.
- I provided timing in the basket trade. Now it is time to swing the other way.
IStyle’s @Cosme Gets a Boost from Amazon Investment
- Japan’s cosmetics market is the focus of attention from many large international businesses thanks to strong sales and new growth businesses.
- The latest is Amazon, which is to become the biggest shareholder in Istyle Inc (3660 JP), providing a major boost to the @Cosme operator.
- IStyle, meanwhile, plans to offer cosmetics brands the chance to open popup stores within its retail chain for fixed monthly fees.
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