>>> Expected Flows Stemming From SX5E, SX5P Changes

Expected flow after results of regular annual review of Stoxx Blue-Chip Indices.
  • Fresenius, Safran to join Euro Stoxx 50 Index (SX5E); Repsol, RWE to be deleted
  • Intesa Sanpaolo, Imperial Tobacco to join Stoxx Europe 50 (SX5P); Glencore, BHP Billiton to be deleted
  • Changes will be effective with open of European markets on Sep. 21
  • Expected flows
    • Fresenius: exp wgt chg (%, indicates weight change in SX5E Index) 1.21%; 16.26m shs to trade; 10.34x ADV
    • Safran; exp wgt chg 1.12%; 13.67m shs to trade; 11.71x ADV
    • Repsol; exp wgt chg -0.62%; -40.36m shs to trade; -3.31x ADV
    • RWE; exp wgt chg -0.31%; -19.31m shs to trade; -3.78x ADV
    • Intesa; exp wgt chg (%, indicates weight change in SX5P Index) 1.34%; 35.90m shs to trade; 0.32x ADV
    • Imperial Tobacco; exp wgt chg 1.18%; 2.39m shs to trade; 1.02x ADV
    • Glencore; exp wgt chg -0.63%; -27.41m shs to trade; -0.33x ADV
    • BHP Billiton; exp wgt chg -0.92%; -5.28m shs to trade; -0.47x ADV