Daily Market Updates: Hedge funds target $60bn trading opportunity in Japan’s Topix overhaul

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Hedge funds target $60bn trading opportunity in Japan’s Topix overhaul

Reported · Written up by our desk · Equity Funds

Hedge funds are positioning to capitalise on a major restructuring of Japan’s Topix equity index, with the largest rebalancing in the benchmark’s history expected to generate approximately $60bn in passive trading flows, according to a report by Bloomberg. The overhaul, which affects more than 700 stocks, is expected to trigger around $31bn each in buying and selling by passive funds at Thursday’s close, ahead of changes taking effect on Friday. The restructuring, which includes index additions, deletions and free-float weighting adjustments, will be implemented across eight quarterly phases t

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HedgeweekHedge funds target $60bn trading opportunity in Japan’s Topix overhaul

ETFs & Funds

Hedge funds target $60bn trading opportunity in Japan’s Topix overhaul

More like this

Sources

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