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

Curator's Cut: Indonesia Stabilizing, Compute Capital & Shipping Surges

Indonesia: Updated Disclosures Could Lead to Multiple Deletions & Float Decreases in May

Indonesia: Passives Could Sell BREN and DSSA in May and Go Away

IDX30/​​LQ45/IDX80 Index Rebalance: Big Impact for BREN on Friday

Global Index: Indonesia Goes from the Frying Pan to the Fire

Global Index: Indonesia Likely to See Huge Outflows in May

Bumi Resources (BUMI IJ): Potential Global Index Inclusion in Feb

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

Amman Mineral Internasional / Index Rebalance

<ul>
<li>Following feedback from a global index provider, the IDX (and KSEI) have released the list of shareholders that own more than 1% of a listed company.</li>
<li>Going through the list, we find many strategic holders of stock above 1% and identify 7 companies that could see a float reduction and passive selling in May. </li>
<li>The lower float could see one stock deleted from the index; two others are close. But the risk of Indonesia being downgraded to a frontier market is now behind us.</li>
</ul>


Following feedback from a global index provider, the IDX (and KSEI) have released the list of shareholders that own more than 1% of a listed company.
Going through the list, we find many strategic holders of stock above 1% and identify 7 companies that could see a float reduction and passive selling in May. 
The lower float could see one stock deleted from the index; two others are close. But the risk of Indonesia being downgraded to a frontier market is now behind us.


Indonesia: Holdings Larger than 1% Disclosed; Stocks Affected & Impact