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

FXI Rebalance Preview: Three Changes Likely in March

Anhui Gujing Distillery (200596 CH): Global Index Deletion; Big Impact & Rel Val Trade

Asia Pac: (Forecast) Global Index Changes in March as Adds Outperform Bigly

Gold Miners ETF (GDX US) Dec Rebalance: Zijin Gold Is a Miss; One Add Likely; US$4.1bn Trade

Gold Miners ETF (GDX US) Dec Rebalance: 5 Adds and US$8.8bn Trade; Zijin Gold Added

Zijin Gold (2259 HK) IPO: HSCI Fast Entry; Quick Stock Connect Add; Global Indices Entry in 2026

Gold Miners ETF (GDX US) Dec Rebalance Preview: Stock Price Moves Shrink Capping Trade

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

Zijin Gold International / Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/zijin-gold-international" target="_blank" data-smartkarma-citation="entities:45448:1" rel="noopener">Zijin Gold (2259 HK)</a> listed on 30 September and was added to the HSCI via Fast Entry in October and to the MGlobal Index in November.</li>
<li>
<a href="https://www.smartkarma.com/entities/zijin-gold-international" target="_blank" data-smartkarma-citation="entities:45448:1" rel="noopener">Zijin Gold</a> was added to Southbound Stock Connect in mid-October and mainland investors now own 25% of the current float.</li>
<li>Cornerstone lock-up expiry on 29 March increases free float significantly. There will be index inclusions in March/June and index upweights in May/June. There could be over US$1.5bn to buy.</li>
</ul>



Zijin Gold (2259 HK) listed on 30 September and was added to the HSCI via Fast Entry in October and to the MGlobal Index in November.

Zijin Gold was added to Southbound Stock Connect in mid-October and mainland investors now own 25% of the current float.
Cornerstone lock-up expiry on 29 March increases free float significantly. There will be index inclusions in March/June and index upweights in May/June. There could be over US$1.5bn to buy.


Hong Kong Exchanges and Clearing (388 HK)

Hang Seng China Enterprises Index (HSCEI INDEX)

Zijin Gold(2259 HK): 보호예수 만료 및 지수 편입/비중 확대; 6월까지 15억 달러 규모 매수 계획