Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

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Event-Driven

A few hours ago, Euronext announced the results of the quarterly review for the Cotation Assistée en Continu (CAC) family of indices. The constituent changes will be effective from 22 June and the rebalancing trades will need to be done at the close on 19 June.For the benchmark <a href="https://www.smartkarma.com/entities/cac-40" target="_blank" rel="noopener" data-smartkarma-citation="entities:24190:1">CAC 40 (CAC INDEX)</a>, <a href="https://www.smartkarma.com/entities/teleperformance" target="_blank" rel="noopener" data-smartkarma-citation="entities:21529:1">Teleperformance (RCF FP)</a> has been included and <a href="https://www.smartkarma.com/entities/sodexo-sa" target="_blank" rel="noopener" data-smartkarma-citation="entities:21556:1">Sodexo SA (SW FP)</a> has been excluded.We estimate over 5 days of ADV to buy on <a href="https://www.smartkarma.com/entities/teleperformance" target="_blank" rel="noopener" data-smartkarma-citation="entities:21529:1">Teleperformance (RCF FP)</a> and over 2 days of ADV to sell on <a href="https://www.smartkarma.com/entities/sodexo-sa" target="_blank" rel="noopener" data-smartkarma-citation="entities:21556:1">Sodexo SA (SW FP)</a>.Fundamentally, <a href="https://www.smartkarma.com/entities/teleperformance" target="_blank" rel="noopener" data-smartkarma-citation="entities:21529:1">Teleperformance (RCF FP)</a> trades in line with its peers while <a href="https://www.smartkarma.com/entities/sodexo-sa" target="_blank" rel="noopener" data-smartkarma-citation="entities:21556:1">Sodexo SA (SW FP)</a> trades cheaper than its peer group.

A few hours ago, Euronext announced the results of the quarterly review for the Cotation Assistée en Continu (CAC) family of indices. The constituent changes will be effective from 22 June and the rebalancing trades will need to be done at the close on 19 June.For the benchmark CAC 40 (CAC INDEX), Teleperformance (RCF FP) has been included and Sodexo SA (SW FP) has been excluded.We estimate over 5 days of ADV to buy on Teleperformance (RCF FP) and over 2 days of ADV to sell on Sodexo SA (SW FP).Fundamentally, Teleperformance (RCF FP) trades in line with its peers while Sodexo SA (SW FP) trades cheaper than its peer group. 

CAC40 Index Review - Teleperformance In, Sodexo Out