Fund Aggregates
Emerging market equity outflow is increasing down 202$mn last week ending Friday. Frontier market funds posted 11mn$ of outflows.
Brazil equity funds showed quite large outflow of 1.8bn$, China funds showed outflow of 1.8bn$, India outflow was modest 17mn$. Russia funds showed 17mn$ of outflow. Turkey showed inflow of 2mn$
On the fixed income side Brazil funds showed 2.1mn$ in outflows, China FI funds showed 11 mn$ of inflows, India fixed income funds inflow was 70mn$.
Energy funds showed 22mn$ of inflows.
It is worth noting that MidLincoln data shows flow dynamics for last week ending last Friday where as EPFR data reports data only to last Wednesday. Which Makes ML data far more relevant
2014-12-05 Russia Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Russia ADR/GDR UCITS ETF is | 33.69 |
| Equity | ETF | Direxion Daily Russia Bull 3x Shares is an | 10.12 |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Russia Equity | 8.41 |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Russia Equity | 1.94 |
| Fixed Income | OPEN-END FUND | Parvest Bond World Inflation-Linked is an | 1.19 |
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Source: MidLincoln Research Russia Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | The Baring Russia Fund is a SICAV incorporated |
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| Equity | OPEN-END FUND | Mirae Asset Russia Industry Representative |
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| Equity | OPEN-END FUND | Mirae Asset 0000217C Russia Industry |
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| Equity | OPEN-END FUND | Mirae Asset Russia Industry 000021C2 Representative |
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| Equity | OPEN-END FUND | Mirae Asset R 00002166 ussia Industry |
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Source: MidLincoln Research China Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Schroder China Growth Securities Feeder | 93.40 |
| Equity | OPEN-END FUND | Eastspring China Securities Feeder Investment | 91.33 |
| Equity | ETF | Deutsche X-trackers Harvest CSI 300 China | 26.15 |
| Equity | OPEN-END FUND | Pioneer Funds - China Equity is an open-end | 20.69 |
| Equity | ETF | Fubon SSE 180 Index ETF is an exchange-traded | 17.70 |
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Source: MidLincoln Research China Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | Mirae Asset Tiger China ETF is an Exchange |
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| Equity | ETF | Mirae Asset Tiger China A300 ETF is an ETF |
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| Equity | OPEN-END FUND | Mirae Asset Tiger China A Shares Securities |
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| Equity | FUND OF FUNDS | Mirae Asset Tiger China A Shares Securities |
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| Equity | FUND OF FUNDS | Mirae Asset China H Leverage Installment |
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Source: MidLincoln Research South Africa Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | HSBC MSCI South Africa UCITS ETF is an exchange-traded | 3.29 |
| Equity | ETF | iShares MSCI South Africa - B UCITS ETF is | 0.20 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.01 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.01 |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | -0.04 |
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Source: MidLincoln Research South Africa Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | -2.82 |
| Equity | ETF | The Lyxor South Africa ETF is a UCITS compliant | -2.44 |
| Equity | ETF | RBS Market Access FTSE/JSE Africa Top 40 | -0.52 |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | -0.04 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.01 |
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Source: MidLincoln Research Korea Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | 2.72 |
| Equity | ETF | Direxion Daily Korea Bull 3x Shares is an | 1.73 |
| Equity | OPEN-END FUND | Enhanced South Korea Index Fund is an open-end | 1.21 |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | 0.28 |
| Equity | CLOSED-END FUND | Korea Equity Fund, Inc. is a non-diversified, | 0.07 |
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Source: MidLincoln Research Korea Outflows assclass | Type | profile | flow USD mln$ |
| Equity | FUND OF FUNDS | Baring Korea Feeder Fund is an open-end |
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| Equity | ETF | iShares MSCI South Korea Capped ETF is an | -18.53 |
| Equity | ETF | iShares MSCI Korea UCITS ETF (Dist) is an | -14.78 |
| Equity | OPEN-END FUND | Mirae Asset Global Discovery Fund - Korea | -12.49 |
| Equity | OPEN-END FUND | JPMorgan Korea Fund is a unit trust incorporated | -7.80 |
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Source: MidLincoln Research India Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Aberdeen Global - India Equity Fund is a | 99.99 |
| Equity | OPEN-END FUND | Aberdeen Global - India Equity Fund is | 99.99 |
| Equity | OPEN-END FUND | Aberdeen Global - India Equity Fund is | 99.99 |
| Equity | OPEN-END FUND | Aberdeen Global - India Equity Fund is | 99.99 |
| Equity | OPEN-END FUND | Matthews India Fund is an open-end fund | 87.60 |
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Source: MidLincoln Research India Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Baring Investment Funds - India Fund is |
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| Equity | OPEN-END FUND | Jupiter JGF - India Select is an open-end |
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| Equity | OPEN-END FUND | Jupiter JGF - India Select is an open-end |
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| Equity | OPEN-END FUND | Jupiter India Fund is an authorised Unit |
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| Equity | OPEN-END FUND | JPMorgan Funds - India Fund is an open-end | -31.62 |
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Source: MidLincoln Research Turkey Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | 2.09 |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | 0.64 |
| Equity | ETF | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | 0.00 |
| Equity | ETF | UBS ETF - MSCI Turkey UCITS ETF is an exchange | 0.00 |
| Equity | ETF | db x-trackers MSCI Turkey Index UCITS ETF | 0.00 |
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Source: MidLincoln Research Turkey Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -2.42 |
| Equity | ETF | HSBC MSCI TURKEY UCITS ETF is an open-end, | -2.00 |
| Equity | ETF | RBS Market Access Dow Jones Turkey Titans | -1.83 |
| Equity | ETF | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | 0.00 |
| Equity | ETF | UBS ETF - MSCI Turkey UCITS ETF is an exchange | 0.00 |
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Source: MidLincoln Research Brazil Inflows assclass | Type | profile | flow USD mln$ |
| Fixed Income | OPEN-END FUND | Fondo Mutuo Security Fixed Income BRL is | 99.99 |
| Equity | OPEN-END FUND | Fama Brazil Fund - Futurwatch is an open-end | 88.09 |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Brazil Equity | 3.56 |
| Equity | OPEN-END FUND | Fonditalia - Equity Brazil (F33) is an | 2.53 |
| Equity | ETF | EasyETF DJ Brazil 15 is an exchange-traded | 2.27 |
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Source: MidLincoln Research Brazil Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Eurizon MM Collection Fund - Itau Equity |
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| Equity | OPEN-END FUND | Jyske Invest Brasilianske Aktier is an open-end |
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| Equity | OPEN-END FUND | Deutsche Invest I Brazilian Equities is | -99.99 |
| Equity | ETF | iShares MSCI Brazil Capped ETF is an exchange-traded | -99.99 |
| Equity | OPEN-END FUND | Victoire Brasil Investment Funds - Select | -11.94 |
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Source: MidLincoln Research Australia Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Australia Equity Income Fund is an open-end | 9.29 |
| Equity | ETF | iShares MSCI Australia - B UCITS ETF is an | 4.16 |
| Equity | OPEN-END FUND | Swisscanto AST Avant Aktien Ausland Index | 2.02 |
| Equity | ETF | iShares MSCI Australia UCITS ETF is an open-end, | 1.13 |
| Fixed Income | OPEN-END FUND |
| 0.55 |
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Source: MidLincoln Research Australia Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring |
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| Equity | OPEN-END FUND | Baring International Umbrella - Baring |
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| Equity | OPEN-END FUND | Baring International Umbrella - Baring Australia |
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| Equity | OPEN-END FUND | JPMorgan Australia Fund is a unit trust | -2.88 |
| Equity | OPEN-END FUND | Candriam Equities L - Australia is a SICAV | -1.99 |
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Source: MidLincoln Research Canada Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | The UBS ETFs plc - MSCI Canada SF UCITS ETF | 1.29 |
| Equity | ETF | UBS ETF - MSCI Canada 100% hedged to CHF | 0.00 |
| Equity | ETF | The UBS ETF - MSCI Canada 100% hedged to | 0.00 |
| Equity | ETF | The UBS ETF - MSCI Canada 100% hedged to | 0.00 |
| Equity | ETF | Lyxor ETF Canada (S&P TSX 60)-A is an open-ended | 0.00 |
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Source: MidLincoln Research Canada Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, |
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| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | -9.73 |
| Equity | ETF | HSBC MSCI Canada UCITS ETF is an exchange-traded | -0.36 |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | -0.14 |
| Equity | ETF | UBS ETF - MSCI Canada UCITS ETF is an exchange | -0.01 |
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Source: MidLincoln Research
Good luck! And don’t stay out of the market for too long. As the policy of being too cautious is the greatest risk of all.
Ovanes Oganisyan research@midlincoln.com
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