In today’s briefing:
- S&P500 Index Rebalance: Calling an UBER
- Quiddity TDIV/50/100 Dec 23 Rebal: Inflow Names Could Outperform Outflow Names
- Index Rebalance & ETF Flow Recap: KWEB, CSI300/500, STAR50, SSE50, ChiNext, SET50, Chips, Denso, SPX
S&P500 Index Rebalance: Calling an UBER
- Uber Technologies (UBER US), Jabil Circuit (JBL US) and Builders Firstsource (BLDR US) will be added to the S&P 500 INDEX (SPX INDEX) at the close on 15 December.
- There are a bunch of inclusions. deletions and migrations across the S&P 500 INDEX (SPX INDEX), the S&P Midcap 400 Index, and the S&P SmallCap 600 Index.
- We estimate passive trackers will need to buy around US$18bn of Uber Technologies (UBER US). There has been positioning in the stock for just over a month now.
Quiddity TDIV/50/100 Dec 23 Rebal: Inflow Names Could Outperform Outflow Names
- The index changes for the T50/100 index family and the TDIV index were confirmed after market close on Friday 1st December 2023.
- The index changes were mostly in line with our final expectations.
- In this insight, we take a close look at the breakdown of our final flow expectations for the upcoming Inclusion/Exclusion and Capping events.
Index Rebalance & ETF Flow Recap: KWEB, CSI300/500, STAR50, SSE50, ChiNext, SET50, Chips, Denso, SPX
- The announcement of the inclusion of Uber Technologies (UBER US) in the S&P 500 INDEX was a big one last week. There were announcements for some other indices too.
- There are many indices in China that will be rebalanced at the close on Friday, the biggest being the CSI 300, CSI 500, STAR50, SSE50 and KWEB US.
- Relatively quiet in ETF world with net inflows to China focused ETFs and net outflows for Japan.
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