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

CAC40 Index Review - Teleperformance In, Sodexo Out

Event-Driven

<p>STOXX Ltd., the operator of Qontigo's index business has announced the changes to the STOXX Europe 600 index for the upcoming review. The rebalance will be effective as of the opening of European markets on 22 June and passive funds will need to trade at the close on 19 June.</p><p>There are 21 additions and deletions to the index:</p><table class="table table-striped">
<colgroup><col span="4"></colgroup>
<tbody>
<tr>
<td style="text-align: center; width: 351.02px;" colspan="2">Additions</td>
<td style="text-align: center; width: 353.98px;" colspan="2">Deletions</td>
</tr>
<tr>
<td style="text-align: left; width: 94.98px;"><strong>Code</strong></td>
<td style="text-align: left; width: 235.04px;"><strong>Name</strong></td>
<td style="text-align: left; width: 89.86px;"><strong>Code</strong></td>
<td style="text-align: left; width: 243.12px;"><strong>Name</strong></td>
</tr>
<tr>
<td style="width: 94.98px;">VIS.MC</td>
<td style="width: 235.04px;">Viscofan SA</td>
<td style="width: 89.86px;">BIRG.I</td>
<td style="width: 243.12px;">Bank of Ireland Group PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">ROCKb.CO</td>
<td style="width: 235.04px;">Rockwool International A/S</td>
<td style="width: 89.86px;">OSRn.DE</td>
<td style="width: 243.12px;">Osram Licht AG</td>
</tr>
<tr>
<td style="width: 94.98px;">GRI.L</td>
<td style="width: 235.04px;">Grainger PLC</td>
<td style="width: 89.86px;">IMFI.VI</td>
<td style="width: 243.12px;">Immofinanz AG</td>
</tr>
<tr>
<td style="width: 94.98px;">GXIG.DE</td>
<td style="width: 235.04px;">Gerresheimer AG</td>
<td style="width: 89.86px;">BOSSn.DE</td>
<td style="width: 243.12px;">Hugo Boss AG</td>
</tr>
<tr>
<td style="width: 94.98px;">BILL.ST</td>
<td style="width: 235.04px;">BillerudKorsnas AB (publ)</td>
<td style="width: 89.86px;">EZJ.L</td>
<td style="width: 243.12px;">Easyjet PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">BCVN.S</td>
<td style="width: 235.04px;">Banque Cantonale Vaudoise</td>
<td style="width: 89.86px;">CSPC.L</td>
<td style="width: 243.12px;">Countryside Properties PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">AXFO.ST</td>
<td style="width: 235.04px;">Axfood AB</td>
<td style="width: 89.86px;">WG.L</td>
<td style="width: 243.12px;">John Wood Group PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">WALLb.ST</td>
<td style="width: 235.04px;">Wallenstam AB</td>
<td style="width: 89.86px;">B4B.DE</td>
<td style="width: 243.12px;">Metro AG</td>
</tr>
<tr>
<td style="width: 94.98px;">ADDTb.ST</td>
<td style="width: 235.04px;">Addtech AB</td>
<td style="width: 89.86px;">SSPG.L</td>
<td style="width: 243.12px;">SSP Group PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">LATOb.ST</td>
<td style="width: 235.04px;">Investment AB Latour</td>
<td style="width: 89.86px;">ETL.PA</td>
<td style="width: 243.12px;">Eutelsat Communications SA</td>
</tr>
<tr>
<td style="width: 94.98px;">SWECb.ST</td>
<td style="width: 235.04px;">Sweco AB (publ)</td>
<td style="width: 89.86px;">AGGK.L</td>
<td style="width: 243.12px;">Aggreko PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">LIFCOb.ST</td>
<td style="width: 235.04px;">Lifco AB (publ)</td>
<td style="width: 89.86px;">SMWH.L</td>
<td style="width: 243.12px;">WH Smith PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">THULE.ST</td>
<td style="width: 235.04px;">Thule Group AB</td>
<td style="width: 89.86px;">VMUK.L</td>
<td style="width: 243.12px;">Virgin Money UK PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">SINCH.ST</td>
<td style="width: 235.04px;">Sinch AB (publ)</td>
<td style="width: 89.86px;">SPMI.MI</td>
<td style="width: 243.12px;">Saipem SpA</td>
</tr>
<tr>
<td style="width: 94.98px;">CEY.L</td>
<td style="width: 235.04px;">Centamin PLC</td>
<td style="width: 89.86px;">SPL1.WA</td>
<td style="width: 243.12px;">Santander Bank Polska SA</td>
</tr>
<tr>
<td style="width: 94.98px;">CWK.L</td>
<td style="width: 235.04px;">Cranswick PLC</td>
<td style="width: 89.86px;">SUBC.OL</td>
<td style="width: 243.12px;">Subsea 7 SA</td>
</tr>
<tr>
<td style="width: 94.98px;">AGRP.L</td>
<td style="width: 235.04px;">Assura PLC</td>
<td style="width: 89.86px;">INVP.L</td>
<td style="width: 243.12px;">Investec PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">IDIA.S</td>
<td style="width: 235.04px;">Idorsia Ltd</td>
<td style="width: 89.86px;">CINE.L</td>
<td style="width: 243.12px;">Cineworld Group PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">COKG.DE</td>
<td style="width: 235.04px;">Cancom SE</td>
<td style="width: 89.86px;">DUFN.S</td>
<td style="width: 243.12px;">Dufry AG</td>
</tr>
<tr>
<td style="width: 94.98px;">NETCG.CO</td>
<td style="width: 235.04px;">Netcompany Group A/S</td>
<td style="width: 89.86px;">CPI.L</td>
<td style="width: 243.12px;">Capita PLC</td>
</tr>
<tr>
<td style="width: 94.98px;">ADEB.OL</td>
<td style="width: 235.04px;">Adevinta ASA</td>
<td style="width: 89.86px;">HMSO.L</td>
<td style="width: 243.12px;">Hammerson PLC</td>
</tr>
</tbody>
</table><p>There has been a wide divergence in stock performance with all adds trading higher over the last year and almost all deletes trading lower.</p><p>In this Insight, we take a look at the index methodology, the impact of the review on the stocks, the recent stock performance, and recommend a few trades.</p>

STOXX Ltd., the operator of Qontigo's index business has announced the changes to the STOXX Europe 600 index for the upcoming review. The rebalance will be effective as of the opening of European markets on 22 June and passive funds will need to trade at the close on 19 June.There are 21 additions and deletions to the index:



Additions
Deletions


Code
Name
Code
Name


VIS.MC
Viscofan SA
BIRG.I
Bank of Ireland Group PLC


ROCKb.CO
Rockwool International A/S
OSRn.DE
Osram Licht AG


GRI.L
Grainger PLC
IMFI.VI
Immofinanz AG


GXIG.DE
Gerresheimer AG
BOSSn.DE
Hugo Boss AG


BILL.ST
BillerudKorsnas AB (publ)
EZJ.L
Easyjet PLC


BCVN.S
Banque Cantonale Vaudoise
CSPC.L
Countryside Properties PLC


AXFO.ST
Axfood AB
WG.L
John Wood Group PLC


WALLb.ST
Wallenstam AB
B4B.DE
Metro AG


ADDTb.ST
Addtech AB
SSPG.L
SSP Group PLC


LATOb.ST
Investment AB Latour
ETL.PA
Eutelsat Communications SA


SWECb.ST
Sweco AB (publ)
AGGK.L
Aggreko PLC


LIFCOb.ST
Lifco AB (publ)
SMWH.L
WH Smith PLC


THULE.ST
Thule Group AB
VMUK.L
Virgin Money UK PLC


SINCH.ST
Sinch AB (publ)
SPMI.MI
Saipem SpA


CEY.L
Centamin PLC
SPL1.WA
Santander Bank Polska SA


CWK.L
Cranswick PLC
SUBC.OL
Subsea 7 SA


AGRP.L
Assura PLC
INVP.L
Investec PLC


IDIA.S
Idorsia Ltd
CINE.L
Cineworld Group PLC


COKG.DE
Cancom SE
DUFN.S
Dufry AG


NETCG.CO
Netcompany Group A/S
CPI.L
Capita PLC


ADEB.OL
Adevinta ASA
HMSO.L
Hammerson PLC


There has been a wide divergence in stock performance with all adds trading higher over the last year and almost all deletes trading lower.In this Insight, we take a look at the index methodology, the impact of the review on the stocks, the recent stock performance, and recommend a few trades.

STOXX Europe 600 Index Review: Adds Outperforming Deletes