Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Quantitative Analysis

When Stocks listed on JASDAQ, MOTHERS, and the Second Section of the Tokyo Stock Exchange aim at the big leagues and apply for reassignment to the First Section of the Tokyo Stock Exchange, when accepted, it causes significant events to occur.The reassignment to the First Section of the TSE triggers inclusion into the TOPIX Index which means passive funds tracking TOPIX need to buy on an inclusion event.  This sounds minor, and technical, and horribly un-fundamental, but making money in the markets is often about choosing price and time and liquidity. These events present several interesting trading opportunities. The Quiddity team, especially <a href="https://www.smartkarma.com/profiles/travis-lundy" target="_blank" data-smartkarma-citation="accounts:25" rel="noopener">Travis Lundy</a>, has been covering such situations for 20 years and as a supplement to our insights on individual TOPIX inclusion cases, we are providing this thematic guide to help investors understand how the index inclusion parameters influence stock returns.  In this insight, we provide our opinion on how to use inclusion parameters to identify situations with above-average return:risk characteristics. Read below to find out.

When Stocks listed on JASDAQ, MOTHERS, and the Second Section of the Tokyo Stock Exchange aim at the big leagues and apply for reassignment to the First Section of the Tokyo Stock Exchange, when accepted, it causes significant events to occur.The reassignment to the First Section of the TSE triggers inclusion into the TOPIX Index which means passive funds tracking TOPIX need to buy on an inclusion event.  This sounds minor, and technical, and horribly un-fundamental, but making money in the markets is often about choosing price and time and liquidity. These events present several interesting trading opportunities. The Quiddity team, especially Travis Lundy, has been covering such situations for 20 years and as a supplement to our insights on individual TOPIX inclusion cases, we are providing this thematic guide to help investors understand how the index inclusion parameters influence stock returns.  In this insight, we provide our opinion on how to use inclusion parameters to identify situations with above-average return:risk characteristics. Read below to find out.  

Historical TOPIX Inclusions:  What Flavor Performs Best?

Japan

Oomitsu CO., LTD. distributes wholesale foods to major chain restaurants, hotels, and other food catering facilities. The company also operates retail food sales to small- size restaurants and general consumers.

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Oomitsu Co Ltd (3160 JP)

Historical TOPIX Inclusions: What Flavor Performs Best?

When Stocks listed on JASDAQ, MOTHERS, and the Second Section of the Tokyo Stock Exchange aim at the big leagues and apply for reassignment to the...

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)