The Nikkei225 September rebalance is mostly on expected lines. Nitori will have a 2-step inclusion and Fast Retailing will not be capped. There is a huge funding trade with outflows on index members.
Boomeranged on Mon, 25 Sep 2023 06:13
The adds are broadly flat since announcement of the changes. The deletes are higher and short interest has continued to increase. The stocks with the largest funding outflows are lower and have underperformed the other stocks and the index. There could be big moves this week ahead of implementation.
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