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

MV Global Defense Industry Index Rebalance: 1 Add; 2 Deletes; US$695m Trade

MV Global Defense Industry Index Rebalance: Hanwha Systems Added as Stocks Play Offence

MV Global Defense Industry Index Rebalance: US$1.1bn Round-Trip Trade as Stocks Soar

MV Global Defense Industry Index Rebalance: 4 Adds; 5.8% Turnover; US$850m Trade

KOSPI Size Indices: Passive Flows for Many Active Changes

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>
<a href="https://www.smartkarma.com/entities/kongsberg-gruppen-asa" target="_blank" data-smartkarma-citation="entities:22235:1" rel="noopener">Kongsberg Gruppen (KOG NO)</a>, <a href="https://www.smartkarma.com/entities/tkms-ag-co-kgaa" target="_blank" data-smartkarma-citation="entities:46044:1" rel="noopener">TKMS (TKMS GR)</a>, <a href="https://www.smartkarma.com/entities/v2x-inc" target="_blank" data-smartkarma-citation="entities:20443:1" rel="noopener">V2X (VVX US)</a>, <a href="https://www.smartkarma.com/entities/voyager-technologies-inc" target="_blank" data-smartkarma-citation="entities:45210:1" rel="noopener">Voyager Technologies (VOYG US)</a> and <a href="https://www.smartkarma.com/entities/red-cat-holdings-inc" target="_blank" data-smartkarma-citation="entities:37829:1" rel="noopener">Red Cat Holdings (RCAT US)</a> will be added to the MarketVector Global Defense Industry Index.</li>
<li>The 5 adds, float changes and capping changes will result in an estimated one-way turnover of 5.3% resulting in a round-trip trade of US$830m.</li>
<li>Most adds have traded higher over the last few months with <a href="https://www.smartkarma.com/entities/v2x-inc" target="_blank" data-smartkarma-citation="entities:20443:1" rel="noopener">V2X</a> breaking out to new highs and <a href="https://www.smartkarma.com/entities/voyager-technologies-inc" target="_blank" data-smartkarma-citation="entities:45210:1" rel="noopener">Voyager Technologies</a> nearing its earlier highs. Positioning could be unwound into strength.</li>
</ul>



Kongsberg Gruppen (KOG NO), TKMS (TKMS GR), V2X (VVX US), Voyager Technologies (VOYG US) and Red Cat Holdings (RCAT US) will be added to the MarketVector Global Defense Industry Index.
The 5 adds, float changes and capping changes will result in an estimated one-way turnover of 5.3% resulting in a round-trip trade of US$830m.
Most adds have traded higher over the last few months with V2X breaking out to new highs and Voyager Technologies nearing its earlier highs. Positioning could be unwound into strength.


MV Global Defense Industry Index Rebalance: 5 Adds; 5.3% Turnover; US$830m Trade