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

Swiggy (SWIGGY IN): Lower Foreign Ownership Limits & The Passive Selling

Adani Green Energy (ADANIGR IN): Facing the Passive Boot; But Who Will Buy?

Adani Energy (ADANIENS IN): Energized for Global Index Inclusion in May

Hitachi Energy India (POWERIND IN): Powering into a Global Index in August

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>Following the lock-up expiry, pre-IPO investors have been selling stock, and the increased free float should lead to <a href="https://www.smartkarma.com/entities/meesho-limited" target="_blank" data-smartkarma-citation="entities:35872:1" rel="noopener">Meesho (MEESHO IN)</a>'s inclusion in a global index in November. </li>
<li>The stock is up 11% since we highlighted it as a potential inclusion a couple of weeks back.</li>
<li>Positioning has surged in the last few trading sessions and there could be more to go before passives need to buy.</li>
</ul>


Following the lock-up expiry, pre-IPO investors have been selling stock, and the increased free float should lead to Meesho (MEESHO IN)'s inclusion in a global index in November. 
The stock is up 11% since we highlighted it as a potential inclusion a couple of weeks back.
Positioning has surged in the last few trading sessions and there could be more to go before passives need to buy.


National Stock Exchange of India (NSE IN)

Meesho (MEESHO IN): Higher Float & Global Index Inclusion