Fund Aggregates
Last week was the third week of GEM equity inflows however they been declining. GEM funds received c US$15mn on our estimates, vs. 309$mn last week.
Brazil showed another outflow of $102mn, Russia funds showed inflow of $2.8mn, China inflow of 17mn$, India inflow of 64$mn, Korea and outflow of 58mn$ while Turkey and South Africa showed outflow of 3.4$mn.
2014-11-07 Russia Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | OTP Russia Equity Fund is an open-end investment | 26.27 |
| Equity | ETF | LYXOR ETF RUSSIA Dow Jones Russia GDR - D | 7.95 |
| Equity | OPEN-END FUND | Parvest Equity Russia is a SICAV incorporated | 6.96 |
| Equity | ETF | Direxion Daily Russia Bull 3x Shares is an | 5.34 |
| Equity | ETF | HSBC MSCI Russia Capped UCITS ETF $ is a | 4.53 |
|
Source: MidLincoln Research
Russia Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | VelocityShares Russia Select DR ETF is an |
|
| Equity | OPEN-END FUND | Evli Russia is an open-end fund registered | -7.16 |
| Equity | OPEN-END FUND | OP-Venaja is an open-end fund incorporated | -4.00 |
| Equity | OPEN-END FUND | UBS (Lux) Equity SICAV - Russia (USD) is | -3.71 |
| Equity | OPEN-END FUND | FIM Russia is an open-end fund registered | -3.37 |
|
Source: MidLincoln Research
China Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Samsung CHINA2.0 Securities Feeder Investment | 99.99 |
| Equity | OPEN-END FUND | Russell Investments Qualifying Investor | 99.99 |
| Equity | ETF | db x-trackers Harvest CSI300 INDEX UCITS | 69.42 |
| Equity | ETF | Hang Seng Investment Index Funds Series - | 65.55 |
| Equity | ETF | Deutsche X-trackers Harvest CSI 300 China | 44.82 |
|
Source: MidLincoln Research China Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Schroder China Growth Securities Feeder | -99.99 |
| Equity | OPEN-END FUND | Mirae Asset Tiger China A Shares Securities | -99.99 |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Chinese | -30.22 |
| Fixed Income | OPEN-END FUND | ChinaAMC Select RMB Bond Fund is an open-end | -22.19 |
| Equity | ETF | ChinaAMC ETF Series - ChinaAMC CSI 300 Index | -17.15 |
|
Source: MidLincoln Research South Africa Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.00 |
| Equity | ETF | RBS Market Access FTSE/JSE Africa Top 40 | 0.00 |
| Equity | ETF | The Lyxor South Africa ETF is a UCITS compliant | 0.00 |
| Equity | ETF | iShares MSCI South Africa - B UCITS ETF is | 0.00 |
|
Source: MidLincoln Research South Africa Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | -3.33 |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | -0.04 |
| Equity | ETF | HSBC MSCI South Africa UCITS ETF is an exchange-traded | -0.02 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.00 |
|
Source: MidLincoln Research Korea Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | HSBC MSCI KOREA UCITS ETF is an exchange-traded | 3.29 |
| Equity | OPEN-END FUND | Matthews Korea Fund is an open-end fund | 2.73 |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | 2.59 |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | 1.73 |
| Equity | OPEN-END FUND | Enhanced South Korea Index Fund is an open-end | 1.66 |
|
Source: MidLincoln Research Korea Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI South Korea Capped ETF is an | -44.58 |
| Equity | OPEN-END FUND | INVESCO Korean Equity Fund is a UCITS certified | -14.48 |
| Equity | OPEN-END FUND | Mirae Asset Global Discovery Fund - Korea | -4.52 |
| Equity | ETF | iShares MSCI Korea UCITS ETF (Acc) is an | -0.95 |
| Equity | OPEN-END FUND | KIM Investment Funds - Korea Value Fund | -0.87 |
|
Source: MidLincoln Research India Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Matthews India Fund is an open-end fund | 78.80 |
| Equity | ETF | iShares MSCI India ETF is an exchange-traded | 56.49 |
| Equity | ETF | WisdomTree India Earnings Fund is an exchange-traded | 32.23 |
| Equity | OPEN-END FUND | GS India Equity Portfolio is a Portfolio | 24.94 |
| Equity | OPEN-END FUND | OP-Intia is an open-end fund registered | 22.91 |
|
Source: MidLincoln Research India Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | PineBridge Global Funds - PineBridge India |
|
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | -50.67 |
| Equity | OPEN-END FUND | DWS Premier Investment Funds - India Equity | -28.91 |
| Equity | OPEN-END FUND | DWS Premier Investment Funds - India Equity | -24.58 |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | -19.53 |
|
Source: MidLincoln Research Turkey Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | 0.45 |
| Equity | ETF | HSBC MSCI TURKEY UCITS ETF is an open-end, | 0.30 |
| Equity | ETF | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | 0.00 |
| Equity | ETF | RBS Market Access Dow Jones Turkey Titans | 0.00 |
| Equity | ETF | UBS ETF - MSCI Turkey UCITS ETF is an exchange | 0.00 |
|
Source: MidLincoln Research Turkey Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -4.33 |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | -3.86 |
| Equity | ETF | db x-trackers MSCI Turkey Index UCITS ETF | -2.99 |
| Equity | ETF | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | 0.00 |
| Equity | ETF | RBS Market Access Dow Jones Turkey Titans | 0.00 |
|
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 | ETF | iShares MSCI Brazil UCITS ETF (Acc) is an | 34.72 |
| Fixed Income | OPEN-END FUND | Legg Mason Global Funds Plc - Legg Mason | 30.31 |
| Fixed Income | OPEN-END FUND | UBS (Lux) Bond Sicav - Brazil is an open-end | 14.86 |
| Equity | OPEN-END FUND | Fondo Mutuo IM Trust Acciones Estrategicas | 5.65 |
|
Source: MidLincoln Research Brazil Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | KB Brazil Securities Master Investment |
|
| Equity | ETF | iShares MSCI Brazil Capped ETF is an exchange-traded | -97.34 |
| Equity | OPEN-END FUND | BNY Mellon Global Funds PLC - Brazil Equity | -23.89 |
| Equity | ETF | Lyxor ETF Brazil (Ibovespa) USD is an exchange | -13.65 |
| Equity | ETF | iShares MSCI Brazil UCITS ETF (Dist) is an | -13.49 |
|
Source: MidLincoln Research Australia Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Australia UCITS ETF is an open-end, | 4.71 |
| Equity | OPEN-END FUND | OneAnswer Single-Asset Class - Australian | 3.33 |
| Equity | OPEN-END FUND | Australia Equity Income Fund is an open-end | 3.10 |
| Equity | ETF | iShares MSCI Australia ETF is an exchange-traded | 2.92 |
| Equity | OPEN-END FUND | Candriam Equities L - Australia is a SICAV | 0.68 |
|
Source: MidLincoln Research Australia Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring Australia | -1.97 |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring | -1.46 |
| Equity | OPEN-END FUND | Candriam Equities L - Australia is a SICAV | -0.87 |
| Equity | OPEN-END FUND | Fisher Funds - Australian Growth Fund is | -0.20 |
| Equity | OPEN-END FUND | UBS (Lux) Equity Fund - Australia (AUD) | -0.15 |
|
Source: MidLincoln Research Canada Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | The UBS ETFs plc - MSCI Canada SF UCITS ETF | 0.00 |
| 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 | UBS ETF - MSCI Canada UCITS ETF is an exchange | 0.00 |
|
Source: MidLincoln Research Canada Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | -99.99 |
| Equity | ETF | The Lyxor ETF Canada S&P TSX 60 is an open-ended | -3.58 |
| Equity | ETF | First Trust Canada AlphaDEX Fund is an exchange-traded | -3.00 |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | -2.64 |
| Equity | ETF | Lyxor ETF Canada (S&P TSX 60)-A is an open-ended | -2.25 |
|
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
|