Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

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

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/infratil-ltd" target="_blank" data-smartkarma-citation="entities:596:1" rel="noopener">Infratil Ltd (IFT NZ)</a> is acquiring <a href="https://www.smartkarma.com/entities/brookfield-asset-management-lt" target="_blank" data-smartkarma-citation="entities:23741:1" rel="noopener">Brookfield Asset Management Lt (BAM US)</a>'s 49.95% stake in One NZ for NZ$1.8bn. This will be partly funded through a NZ$850m placement.</li>
<li>There will be a NZ$750m underwritten placement at NZ$9.2/share (an 8.9% discount to the last close) and a retail offering of NZ$100m.</li>
<li>There will be passive buying from index trackers post the completion of the placement and the settlement of the shares and that will remove some of the overhang.</li>
</ul>



Infratil Ltd (IFT NZ) is acquiring Brookfield Asset Management Lt (BAM US)'s 49.95% stake in One NZ for NZ$1.8bn. This will be partly funded through a NZ$850m placement.
There will be a NZ$750m underwritten placement at NZ$9.2/share (an 8.9% discount to the last close) and a retail offering of NZ$100m.
There will be passive buying from index trackers post the completion of the placement and the settlement of the shares and that will remove some of the overhang.


Infratil (IFT NZ): NZ$850m Placement & Index Implications

New Zealand

SmartFONZ is an exchange traded fund listed on the NZX. The Fund replicates the NZSX 50 Portfolio Index, which is a market weighted index comprising the securities of the top 50 companies on the NZSX Market. The composition of the Index is weighted according to free float capitalisation, each company has a weighting cap of 5% of the Index.

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Smartshares - Nz Top 50 Fund (FNZ NZ)

Infratil (IFT NZ): NZ$850m Placement & Index Implications

Infratil is acquiring Brookfield's 49.95% stake in One NZ for NZ$1.8bn. The underwritten placement of NZ$750m is at NZ$9.2/shr, an 8.9% discount to...

Brian Freitas

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