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