In today’s briefing:
- Jun24 S&P 500/400/600 Index Rebal – Both More and Less Interesting Than You Think, But 3 Big Buys
- Crypto Crisp: How Much of the Bitcoin ETF Inflow Comes from Basis Trading?
- Morning Views Asia: China Jinmao Holdings
Jun24 S&P 500/400/600 Index Rebal – Both More and Less Interesting Than You Think, But 3 Big Buys
- On Friday, the S&P index committee announced the June 2024 changes to the three major indices in the S&P1500 universe.
- KKR, Crowdstrike (CRWD), and GoDaddy (GDDY) replace Robert Half (RHI), Comerica (CMA), and Illumina (ILMN) in the S&P500. There are 6 ADDs to S&PMidCap400, 13 DELETEs from Sm600.
- There are some BIG and impactful flows here. Some are very big. Netted 2-way flow on 21 June is ~US$66-80bn. But as always, details matter.
Crypto Crisp: How Much of the Bitcoin ETF Inflow Comes from Basis Trading?
- Here is to another week in crypto, following an exceptionally strong performance for U.S.-based Bitcoin spot ETFs last week.
- Over the five trading sessions, these Bitcoin spot ETFs saw total net inflows of $1.829 billion.
- Last Tuesday was particularly notable, with the ETFs experiencing their second-best day since their launch on January 11, bringing in a net inflow of $887 million.
Morning Views Asia: China Jinmao Holdings
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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