Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<ul>
<li>The index changes for DAX, MDAX, SDAX, and TecDAX were announced yesterday.</li>
<li>
<a href="https://www.smartkarma.com/entities/beiersdorf-ag" target="_blank" data-smartkarma-citation="entities:21588:1" rel="noopener">Beiersdorf AG (BEI GR)</a> will move from MDAX to DAX while <a href="https://www.smartkarma.com/entities/delivery-hero-se" target="_blank" data-smartkarma-citation="entities:24416:1" rel="noopener">Delivery Hero SE (DHER GR)</a> will move from DAX to MDAX.</li>
<li>Below is a closer look at the excess volume expectations and historical price and volume performance of the names involved in this Rebalance Event.</li>
</ul>


The index changes for DAX, MDAX, SDAX, and TecDAX were announced yesterday.

Beiersdorf AG (BEI GR) will move from MDAX to DAX while Delivery Hero SE (DHER GR) will move from DAX to MDAX.
Below is a closer look at the excess volume expectations and historical price and volume performance of the names involved in this Rebalance Event.


DAX, MDAX, SDAX, TecDAX June 2022 Rebalance: Encavis & Hensoldt Top Positives; Hypoport Top Negative

Germany

Lechwerke AG generates, procures and distributes electric power, natural gas, district heating and water to commercial and residential customers in Southeastern Germany.  The Company divides its activities in such sectors as: energy production, network management and network services, energy and others.

Mainova AG provides natural gas to households, industrial companies and municipalities in the Frankfurt am Main area. The Company distributes electricity, heat and steam and supplies heating equipment to its customers. Mainova constructs power generating facilities and gas pipelines. The Company also provides services in western Thuringia.

MVV Energie AG generates and distributes electric power and district heating, purchases electricity from a cogeneration plant and operates its own waste-to-energy plant.  MVV Energie also distributes natural gas and water and offers a range of related services including energy trading, energy services, contracting, consulting, and facilities management.

Gelsenwasser AG provides water, natural gas, electricity and local co-generation services to households, municipal distributors and industries primarily located in Ruhr, Muensterland, lower Rhein and Eastern Westphalia.  The Company also offers services in other regions and operates sewage treatment plants.

RWE Aktiengesellschaft is a globally active energy company. The Company generates and trades electricity. RWE has a capacity of about 10 gigawatts based on renewable sources, as well as gas fleet and an internationally active energy trading business. RWE serves clients in Europe, Asia-Pacific, and the United States.

Uniper SE operates as an international energy company. The Company owns and manages a portfolio of power plants located across Europe and Russia, as well as focuses on commodity trading business, such as power, emission certificates, natural gas, liquefied natural gas, coal, and freight. Uniper also operates power and gas storage facilities.

EnBW Energie Baden-Wuerttemberg AG is a full service energy company that provides electricity, , gas as well as energy and environmental services. The Company's environmental services include waste disposal and recycling.

E.ON is one of Europe's largest operators of energy networks and energy infrastructure and a provider of innovative customer solutions for some 51 million customers. The company's operations are energy networks and customer solutions.

Electric Power Development Co.,Ltd. generates, transmits, distributes, and sells electric power using hydroelectric, wind-power, nuclear, coal-fired and other thermal power stations throughout Japan.

Clearway Energy, Inc. owns, operates, and acquires renewable and conventional generation and thermal infrastructure projects. The Company offers natural gas and dual fired, solar and wind generation and distribution services. Clearway Energy serves commercial businesses, universities, hospitals, and government companies in the United States.

Guangzhou Development Group Inc operates an electric power generation plant in Guangzhou, China.  The Company also sells coal, invests in the fiber-optic cable network installation business, and constructs roads and bridges.

An Hui Wenergy Co., Ltd. generates electric power.  Through its subsidiaries, the company also manufactures networking terminal products.

Beijing Jingneng Power Co., Ltd. generates electrical and thermal power.  The Company also maintains and repairs electricity generation equipment.

Drax Group PLC generates and supplies electricity.  The Company owns a coal and biomass-fired power plant in the United Kingdom.

The Renewables Infrastructure Group Limited is an investment company. The Company invests in a range of assets that generate electricity from renewable sources, with a particular focus on onshore wind farms and solar PV parks.

Global Power Synergy Company Ltd. (GPSC) provides utilities services. The Company generates and distributes electricity, steam, and processed water. GPSC serves customers in Thailand.

Global Power Synergy Company Ltd (GPSC TB)

Enel Generacion Chile SA operates as an electricity generation company. The Company generates and distributes electric energy.

Encavis AG provides electricity generation from power plants. The Company produces power from renewable energy sources which includes solar energy plants and wind farms, as well as specializes in the technical operation of solar parks, routine maintenance, monitoring, incident management, and performance analysis. Encavis serves renewable energy sector in Europe.

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Encavis AG (ECV GR)

DAX, MDAX, SDAX, TecDAX June 2022 Rebalance: Encavis & Hensoldt Top Positives; Hypoport Top Negative

A discussion on June 2022 index changes for DAX, MDAX, SDAX, and TecDAX. Enclavis and Hensoldt are names with highest positive impacts and Hypoport...

Janaghan Jeyakumar, CFA

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