BHP Group Ltd

BHP Unification - ASX Upweight in One Shot

Event-Driven
506 Views, 12 Jan 2022 07:11
EXECUTIVE SUMMARY
  • As expected, S&P DJI have announced that BHP Group (BHP AU)'s weight in the S&P/ASX indices will be increased all at once at the close of trading on 28 January. 
  • We estimated passive S&P/ASX trackers will need to buy over A$4bn of BHP Group (BHP AU) leading to a funding sell of that size on the other index constituents.
  • BHP Group (BHP AU) has risen 25% from its lows in November. We expect most UK shareholders have finished selling shares and the one-shot inclusion could take the stock higher.
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Brian Freitas
Pan-Asia Index Rebalances/Events/Delta One
Periscope Analytics
IndiaEquitiesEvent-DrivenQuantitative Analysis

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian... 

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