Broker Data, page-643

Here's the broker data for the final week in May. Not too much to interpret in terms of the ETF inclusion flows, although I'd crudely guess that Citi and MS were involved in block trades to the ETF custodians (they were both net ~-230k shares on the 31st May specifically) and that UBS, Macquarie and Barrenjoey are the custodians for the three ETFs below (all three net ~+120k shares on 31st May specifically). Relatedly, I've included the public holdings data updated since May 31st. As anticipated in the earlier post, the main buyers on MSCI inclusion were iShares MSCI EAFE Small-Cap, iShares Core MSCI EAFE, and Vanguard MSCI Small Cap, the latter having not yet updated their holdings on the webpage (https://www.vanguard.com.au/adviser/invest/etf?portId=8211&tab=portfolio-data) and so not included below, but overall it looks to be ~400-500k shares, somewhat lower than my earlier crude estimate, but still a material and sticky holding.