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

S&P/ASX Indices: M&A-Driven Ad Hoc Changes in Nov & Impact on the Dec Rebalance

Gold Miners ETF (GDX US) June Rebalance: 9 Adds and US$3.4bn Trade

S&P/​​​​​​​​​ASX Index Rebalance Preview (Mar 26): Plenty of Change with Big Flow & Impact

Regis Resources (RRL AU) & Vault Minerals (VAU AU) To Merge: Multiple Index Flows

Gold Miners ETF (GDX US) June Rebalance: 3 Adds Likely; US$1.6bn Trade

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

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/genesis-minerals-ltd" target="_blank" data-smartkarma-citation="entities:4650:1" rel="noopener">Genesis Minerals (GMD AU)</a> and <a href="https://www.smartkarma.com/entities/vault-minerals-ltd" target="_blank" data-smartkarma-citation="entities:46317:1" rel="noopener">Vault Minerals Ltd (VAU AU)</a> merger will bring much larger passive flows compared to the <a href="https://www.smartkarma.com/entities/regis-resources-ltd" target="_blank" data-smartkarma-citation="entities:20106:1" rel="noopener">Regis Resources (RRL AU)</a> and Vault merger.</li>
<li>For each share of <a href="https://www.smartkarma.com/entities/vault-minerals-ltd" target="_blank" data-smartkarma-citation="entities:46317:1" rel="noopener">Vault Minerals Ltd (VAU AU)</a> held, shareholders will receive 0.7629 shares in <a href="https://www.smartkarma.com/entities/genesis-minerals-ltd" target="_blank" data-smartkarma-citation="entities:4650:1" rel="noopener">Genesis Minerals (GMD AU)</a> plus A$0.475 in cash.</li>
<li>The MergeCo could be added to a couple of indices and be upweighted in a few others, bringing in over A$1bn of inflows following merger completion in October/November.</li>
</ul>


The Genesis Minerals (GMD AU) and Vault Minerals Ltd (VAU AU) merger will bring much larger passive flows compared to the Regis Resources (RRL AU) and Vault merger.
For each share of Vault Minerals Ltd (VAU AU) held, shareholders will receive 0.7629 shares in Genesis Minerals (GMD AU) plus A$0.475 in cash.
The MergeCo could be added to a couple of indices and be upweighted in a few others, bringing in over A$1bn of inflows following merger completion in October/November.


Genesis (GMD AU) & Vault (VAU AU) Merger: Index Implications with A$1bn to Buy