Nikkei 225 Index Rebalance: Mercari, Lasertec, Nitori IN; Nippon Glass, Mitsui E&S, Matsui Sec OUT

1k Views04 Sep 2023 15:48
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.
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 6-minute read)
(Paid Plans Only)