In today’s briefing:
- HSI Mar23 Index Review/Flows – No Changes But Flows; 100 Names a Loooong Way Off
HSI Mar23 Index Review/Flows – No Changes But Flows; 100 Names a Loooong Way Off
- There are no index changes, in what comes as a surprise given the index is now 9 months late getting to 80 names, with a target to get to 100.
- There are, however, several capping changes, leading to nearly 3 days to sell on HSBC Holdings (5 HK) and 2.6% one-way turnover.
- The lack of name changes is disappointing. They don’t need to find names to delete, just names to add to improve tracking and coverage. This portends further slowness to change.
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