Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Equity Analyst with experience in fundamental and event-driven research in Frontier and Emerging markets. 

On Smartkarma, I mainly publish insights on index flow events in the Asia-Pacific region. This includes predicting regular and intra-review index changes and estimating upcoming passive flows. I also cover special situations such as mergers & acquisitions, equity offerings, buybacks, and other corporate restructuring events.

Pan-Asia Index Flows & Special Situations

TOPIX Index Upweights: The Big April Basket 2021

TOPIX Inclusions: A Look at TSE1 Direct Listings

Gravity Works As WeWork Doesn't; Now Plan B

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

Japanese Software company <a href="https://www.smartkarma.com/entities/wingarc1st-inc" target="_blank" data-smartkarma-citation="entities:32164:1" rel="noopener">WingArc1st Inc (4432 JP)</a> was listed in the First Section of the Tokyo Stock Exchange (TSE) on 16th March 2021.When a company gets listed in the First Section of TSE, it gets included in the TOPIX Index (after a short delay) and as a result, TOPIX-tracking funds will have to purchase the stock during an Inclusion Event which presents interesting trading opportunities for active investors to generate sharp market-neutral returns in the space of few trading days. Alternatively, this can also be considered as a key point in time where short-term IPO investors could decide if they wanted to exit their positions by utilizing this liquidity event.Below is a look at the timeline and the parameters of the Inclusion Event and the potential trading opportunities surrounding it.

Japanese Software company WingArc1st Inc (4432 JP) was listed in the First Section of the Tokyo Stock Exchange (TSE) on 16th March 2021.When a company gets listed in the First Section of TSE, it gets included in the TOPIX Index (after a short delay) and as a result, TOPIX-tracking funds will have to purchase the stock during an Inclusion Event which presents interesting trading opportunities for active investors to generate sharp market-neutral returns in the space of few trading days. Alternatively, this can also be considered as a key point in time where short-term IPO investors could decide if they wanted to exit their positions by utilizing this liquidity event.Below is a look at the timeline and the parameters of the Inclusion Event and the potential trading opportunities surrounding it. 

TOPIX Inclusion: WingArc1st Inc (4432 JP)