In today’s briefing:
- Last Week in Event SPACE: BHP, Bank of Kyoto, Incitec Pivot, Yancoal, Virtus
- Index Rebalance & ETF Flow Recap: FTSE AW/AC, KOSPI2, KQ150, EPRA, China 50/A50, ASX, STAR50, SSE50
Last Week in Event SPACE: BHP, Bank of Kyoto, Incitec Pivot, Yancoal, Virtus
- Post-Spin, BHP (BHP AU) should look more like RIO. It’s not clear it does, but it does move around in a way that allows one to harvest ratio noise.
- Bank of Kyoto (8369 JP) has been the poster child for “deep value” Japan traders and occasional wannabe activists. It has a huge equity portfolio which dwarfs market cap.
- Fourteen years after its acquisition, Incitec Pivot (IPL AU) plans to demerge Dyno Nobel from its fertilizer ops. The split has been a long time coming.
Index Rebalance & ETF Flow Recap: FTSE AW/AC, KOSPI2, KQ150, EPRA, China 50/A50, ASX, STAR50, SSE50
- Early last week was the review cutoff for the FTSE country indices and the EPRA Nareit, while the changes to the CSI300 and STAR50 indices were announced on Friday.
- Monday will see tranche 2 of the TPX INDEX FFW changes implemented, while Tuesday is MSCI implementation day and a bunch of review cutoffs.
- There were large inflows to the IShares Edge MSCI Min Vol Emerging Markets ETF (EEMV US) and outflows from the iShares MSCI EM ESG Optimized (ESGE US) ETF.
Before it’s here, it’s on Smartkarma
