Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

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

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

CICC/ Dongxing Sec/ Cinda Sec Merger: Index Flows Next Week & More Later

China International Capital (601995 CH) Post-Merger Tactical Outlook / Risks

CSI300 Index Rebalance Preview: 7 Changes a Side as Market Trades in a Range

STAR50/STAR100 Index Rebalance Preview: Huge Outperformance, ETF Redemptions & Fast Entry Conundrum

SSE50 Index Rebalance Preview: Forecast Changes & Borderline Names for June

STAR50/STAR100 Index Rebalance Preview: Huge Outperformance as National Team Redeems ETF Holdings

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cxmt-corporation" target="_blank" data-smartkarma-citation="entities:44129:1" rel="noopener">CXMT Corporation (688825 CH)</a> listed on 27 July after selling 10% of the company and is now the largest listed company in China (by far!) by full market cap.</li>
<li>There will be a few mainland index inclusions this year and passives will need to buy over 11% of the free float.</li>
<li>
<a href="https://www.smartkarma.com/entities/cxmt-corporation" target="_blank" data-smartkarma-citation="entities:44129:1" rel="noopener">CXMT Corporation (688825 CH)</a> should be added to Northbound Stock Connect in November and global index inclusions will follow starting next February. That will further reduce real float.</li>
</ul>



CXMT Corporation (688825 CH) listed on 27 July after selling 10% of the company and is now the largest listed company in China (by far!) by full market cap.
There will be a few mainland index inclusions this year and passives will need to buy over 11% of the free float.

CXMT Corporation (688825 CH) should be added to Northbound Stock Connect in November and global index inclusions will follow starting next February. That will further reduce real float.


CXMT (688825 CH): Index Inclusions & Passive Buying This Year & Next for China's Largest Stock