Daily BriefsFinancials

Daily Brief Financials: HSBC Holdings and more

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

By Travis Lundy

  • 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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