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

HSCEI Index Rebalance: BEKE, Horizon Robotics In; CR Beer, Mengniu Out

HSI, HSCEI, HSTECH, HSIII, HSBIO Index Rebalance: US$5bn of Flows Post Capping (Mar 2026)

HSI INDEX Tactical Outlook Ahead of March 6th Index Rebalance

HSCEI Index Rebalance: 3 Changes; Yum China In; Double Add for Innovent Bio

HSCEI Index Rebalance: Pop Mart Pops Ahead of Double Index Inclusion

HSCEI Index Rebalance Preview: 3 Changes as Adds Go Up, Up & Away

China Hongqiao (1378 HK): Index Impact of US$1.2bn Placement

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>There could be 2 changes for the <a href="https://www.smartkarma.com/entities/hang-seng-china-enterprises-index" target="_blank" data-smartkarma-citation="entities:22900:1" rel="noopener">Hang Seng China Enterprises Index (HSCEI INDEX)</a> in March. Announcement is on 13 February with implementation at the close on 5 March.</li>
<li>The forecast adds have outperformed the forecast deletes and the index over the last couple of months and there could be more upside over the near-term.</li>
<li>Estimated one-way turnover at the rebalance is 1.8% resulting in a round-trip trade of HK$2.3bn. There is more than 1x ADV to trade in a few stocks.</li>
</ul>


There could be 2 changes for the Hang Seng China Enterprises Index (HSCEI INDEX) in March. Announcement is on 13 February with implementation at the close on 5 March.
The forecast adds have outperformed the forecast deletes and the index over the last couple of months and there could be more upside over the near-term.
Estimated one-way turnover at the rebalance is 1.8% resulting in a round-trip trade of HK$2.3bn. There is more than 1x ADV to trade in a few stocks.


Hang Seng China Enterprises Index (HSCEI INDEX)

HSCEI Index Rebalance Preview: 2 Sets of Changes Likely in March

KE Holdings

HSCEI Index Rebalance Preview: 2 Sets of Changes Likely in March