In today’s briefing:
- STAR50 Index Rebalance Preview: Two Changes & Over US$1.2bn to Trade
STAR50 Index Rebalance Preview: Two Changes & Over US$1.2bn to Trade
- The review period for the September rebalance ends 31 July. We expect the changes to be announced 30 August with the implementation taking place after the close on 13 September.
- We expect the index committee to continue using a 6-month minimum listing history resulting in two changes to the index.
- One-Way turnover is estimated at 3.5% resulting in a one-way trade of CNY 4.5bn (US$618m). Passive trackers will need to trade 4-8x ADV on the index changes.
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