In today’s briefing:
- MVIS Global Rare Earth/Strategic Metals Index Rebalance Preview: Two Potential Adds; Two Close
- MVIS Global Junior Gold Miners Index Rebalance: Couple of Adds in Asia
- Two Things Matter Far More To The World Economy Than The Ukraine Conflict
- MVIS Vietnam Index Rebalance: Eight Additions & Some Big Float Changes
- Index Rebalance & ETF Flow Recap: HSCEI, FTSE JP, STAR50, Sensex, NIO, GDXJ, Vietnam
MVIS Global Rare Earth/Strategic Metals Index Rebalance Preview: Two Potential Adds; Two Close
- Core Lithium Ltd (CXO AU) and Lake Resources Nl (LKE AU) could be added to the MVIS Global Rare Earth/Strategic Metals Index at the upcoming rebalance in March.
- Firefinch Ltd (FFX AU) and Sayona Mining (SYA AU) are close adds but unlikely to make the cut for inclusion at the March rebalance.
- There will be a modest impact on the potential adds at the rebalance but the impact on some of the other names could be higher due to capping changes.
MVIS Global Junior Gold Miners Index Rebalance: Couple of Adds in Asia
- Malagasy Minerals (CMM AU) and Bumi Resources Minerals Tbk (BRMS IJ) will be added to the MVIS Global Junior Gold Miners Index at the close on 18 March.
- The Vaneck Jr Gold Miners (GDXJ US) ETF tracks the index and has an AUM of US$5.2bn. So there will be an impact on the adds, deletes and other stocks.
- There are a few stocks in Australia that will have inflows from the GDXJ US ETF apart from the FTSE All-Cap and S&P/ASX 300 trackers on the same day.
Two Things Matter Far More To The World Economy Than The Ukraine Conflict
- Ukraine is a major negative for the World, but is may be eclipsed by China and Oil?
- China shows no signs of easing her policy and every sign of maintaining a tight monetary stance. Stability is the watchword.
- But don’t forget higher oil prices. US$130/ bbl oil could smash Global Liquidity lower by up to 30%. This isn’t bullish!
MVIS Vietnam Index Rebalance: Eight Additions & Some Big Float Changes
- There are 8 additions to the MVIS Vietnam Index at the upcoming rebalance at the close on 18 March. Moderate impact on most of the adds.
- There are some stocks that have large float changes; watch Saigon Thuong Tin Commercial (STB VN). Over 1 day of ADV to sell on some stocks due to capping changes.
- At the December rebalance, all 5 adds jumped the day post announcement and then stayed in a range till implementation of the changes.
Index Rebalance & ETF Flow Recap: HSCEI, FTSE JP, STAR50, Sensex, NIO, GDXJ, Vietnam
- The Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX) and SSE STAR50 (STAR50 INDEX) rebalances were implemented during the week. NIO Inc (9866 HK) started trading in Hong Kong.
- Busy week coming up with the implementation of the KOSDAQ 150 Index, S&P/ASX 200 and the FTSE indices including All-World/All-Cap, China 50, XIN9I INDEX, Taiwan50 and EPRA Nareit.
- The changes to the MVIS Global Junior Gold Miners Index and the MVIS Vietnam Index were announced post market close on 11 March and will be implemented on 18 March.
Before it’s here, it’s on Smartkarma
