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

Aspen Group (APZ AU): Global Sector Index Inclusion

Goodman Group (GMG AU): Positioned for Outperformance

CK Asset Holdings (1113 HK): First Down, Then Up?

Henderson Land (12 HK): Large Passive Flow Coming Up as Shorts Cover

Sunevision (1686 HK): Data Center Rally Brings Passive Flows

Australia/NZ Real Estate: Stocks With (Large) Passive Flows

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

DigiCo Infrastructure REIT / Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/digico-infrastructure-reit" target="_blank" data-smartkarma-citation="entities:44091:1" rel="noopener">DigiCo Infrastructure REIT (DGT AU)</a> will be added to a global sector index at the close on 19 September while <a href="https://www.smartkarma.com/entities/healthco-reit" target="_blank" data-smartkarma-citation="entities:34150:1" rel="noopener">HealthCo REIT (HCW AU)</a> will be deleted.</li>
<li>Estimated passive buying in <a href="https://www.smartkarma.com/entities/digico-infrastructure-reit" target="_blank" data-smartkarma-citation="entities:44091:1" rel="noopener">DigiCo Infrastructure REIT (DGT AU)</a> is US$32m while the passive selling in <a href="https://www.smartkarma.com/entities/healthco-reit" target="_blank" data-smartkarma-citation="entities:34150:1" rel="noopener">HealthCo REIT (HCW AU)</a> is estimated to be US$7m.</li>
<li>Shorts have increased in both stocks. There could be short covering in <a href="https://www.smartkarma.com/entities/digico-infrastructure-reit" target="_blank" data-smartkarma-citation="entities:44091:1" rel="noopener">DigiCo Infrastructure REIT</a> followed by new shorts, while shorts could look to cover <a href="https://www.smartkarma.com/entities/healthco-reit" target="_blank" data-smartkarma-citation="entities:34150:1" rel="noopener">HealthCo REIT</a> as passives sell.</li>
</ul>



DigiCo Infrastructure REIT (DGT AU) will be added to a global sector index at the close on 19 September while HealthCo REIT (HCW AU) will be deleted.
Estimated passive buying in DigiCo Infrastructure REIT (DGT AU) is US$32m while the passive selling in HealthCo REIT (HCW AU) is estimated to be US$7m.
Shorts have increased in both stocks. There could be short covering in DigiCo Infrastructure REIT followed by new shorts, while shorts could look to cover HealthCo REIT as passives sell.


DigiCo Infrastructure REIT (DGT AU) And HealthCo REIT (HCW AU): Passive Flows