In today’s briefing:
- WCP Passive Flow Analysis: KOSDAQ 150 Early Entry & Local Battery ETFs
- Index Rebalance & ETF Flow Recap: TW Div+, TPX, KOSPI2, KQ150, NIFTY100, ASX200, CPSE, HFCAA, HDFCB
- Last Week in Event SPACE: BYD, Astra/United Tractor, Japan Passive, AGL, Genting Singapore
- (Mostly) Asia-Pac Weekly Risk Arb Wrap: Kanemi, AGL, Link Admin, Genting Singapore, Glory Star Media
WCP Passive Flow Analysis: KOSDAQ 150 Early Entry & Local Battery ETFs
- WCP will enter the KOSDAQ 150 with a passive inflow of about 530K shares, 1.5% of SO, at the close on December 8.
- WCP will be added to the TIGER ETF on October 14 with a passive inflow of about 345K shares, 1.0% of SO, at the close on October 14.
- From a flow trading perspective, the flow volume is certainly substantial enough to design a passive flow trading setup in conjunction with the lockup release schedule.
Index Rebalance & ETF Flow Recap: TW Div+, TPX, KOSPI2, KQ150, NIFTY100, ASX200, CPSE, HFCAA, HDFCB
- The FTSE TWSE Taiwan Dividend+ Index is interesting since there are multiple moving parts and is not widely tracked. We take an early look at potential changes in December.
- West African Resources (WAF AU) will replace Uniti Group Ltd (UWL AU) in the S&P/ASX 200 (AS51 INDEX) at the close of trading on 21 July.
- There have been some large inflows to the Vanguard FTSE Pacific ETF (VPL US) in the last few weeks.
Last Week in Event SPACE: BYD, Astra/United Tractor, Japan Passive, AGL, Genting Singapore
- Berkshire appears set to exit BYD (1211 HK) partially or in full. But why signal to market well in advance?
- United Tractors (UNTR IJ)‘s buyback should be impactful. They could do another one afterwards as they have lots of cash. This is a raging buy. Buy now. With both hands.
- The BOJ was expected to change its ETF allocations. It stopped buying Nikkei 225 and JPX Nikkei 400 ETFs. As the world moves more to passive, expect float to decrease.
(Mostly) Asia-Pac Weekly Risk Arb Wrap: Kanemi, AGL, Link Admin, Genting Singapore, Glory Star Media
- There are 44 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- Two new deals this week: Kanemi Co Ltd (2669 JP)‘s tender Offer, and Glory Star New Media Group Holdings (GSMG US)‘s underwhelming MBO.
- Key updates took place for: AGL Energy Ltd (AGL AU), Link Administration (LNK AU) & Genting Singapore (GENS SP)
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
