Traders See Index Arb Play In Hong Kong

  • 14 May 2001
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Equity derivatives traders in Hong Kong and Japan are prepping index arb trades to take advantage of a rebalancing of the Hang Seng Index, which is set to occur June 1. While some of the trades are filtering through the over-the-counter market, most of action has been in exchange-traded instruments, such as warrants.

In typical transactions, traders have been taking long positions in China Unicom and MTR, which will be added to the index, and shorting SmarTone and First Pacific, which will be removed. Another trader noted that the Hong Kong Tracker Fund will have to enter these positions. "It's an obvious trade," noted one equity derivatives trader.

  • 14 May 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 328,982.98 1272 8.11%
2 JPMorgan 320,525.86 1391 7.90%
3 Bank of America Merrill Lynch 295,678.15 1012 7.29%
4 Barclays 247,860.38 923 6.11%
5 Goldman Sachs 218,821.95 732 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 46,136.68 182 7.00%
2 JPMorgan 44,443.20 92 6.75%
3 UniCredit 35,639.50 153 5.41%
4 Credit Agricole CIB 33,211.72 160 5.04%
5 SG Corporate & Investment Banking 32,419.80 126 4.92%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,755.50 61 8.97%
2 Goldman Sachs 13,204.47 65 8.61%
3 Citi 9,716.40 55 6.34%
4 Morgan Stanley 8,471.86 53 5.53%
5 UBS 8,248.12 34 5.38%