Fund Aggregates
Last week ending Friday Oct 17 Emerging markets fund flow were negative again overall emerging market funds lost 288 mn$ in outflow during the week.
Frontier equity funds outflow was roughly 90mn$ on our data.
Elsewhere on the emerging markets fund flow was mixed. Russia funds received 10mn$ in inflow, Brazil funds received 62 mn$, China -117mn$, SA -3mn$, Turkey -12mn$, Korea -27mn$,
On fixed income Brazil -5.3mn$, China FI 45.5mn$, India FI +2.6%,
In sector funds technology funds lost 1.8bn$, healthcare -139mn$, resources -73mn$ while utilities received 50mn$ in inflows.
Large cap and small cap funds showed inflow while mid-caps showed outflows.
2014-10-17 Russia Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | OTP Russia Equity Fund is an open-end investment | 40.65 |
| Equity | ETF | Direxion Daily Russia Bull 3x Shares is an | 9.66 |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Russia Equity | 9.17 |
| Equity | ETF | Market Vectors Russia ETF is an exchange-traded | 9.04 |
| Equity | OPEN-END FUND | JPMorgan Funds - Russia Fund is an open-end | 6.55 |
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Source: MidLincoln Research Russia Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | VelocityShares Russia Select DR ETF is an |
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| Equity | OPEN-END FUND | Parvest Equity Russia is a SICAV incorporated | -11.07 |
| Equity | OPEN-END FUND | East Capital Lux - Russian Fund is an open-end | -4.99 |
| Equity | ETF | iShares MSCI Russia ADR/GDR UCITS ETF is | -4.51 |
| Equity | OPEN-END FUND | East Capital Lux - Russian Fund is an open-end | -4.03 |
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Source: MidLincoln Research China Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | Harvest MSCI China A 50 Index ETF is an exchange-traded | 61.38 |
| Equity | OPEN-END FUND | Schroder China Growth Securities Feeder | 37.95 |
| Equity | OPEN-END FUND | Schroder China Growth Securities Feeder | 37.90 |
| Equity | OPEN-END FUND | Schroder China Growth Securities Feeder | 37.83 |
| Fixed Income | OPEN-END FUND | Deutsche Invest I China Bonds is an open-end | 26.62 |
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Source: MidLincoln Research China Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | E Fund CSI 100 A-Share ETF is an exchange-traded | -47.76 |
| Equity | ETF | Deutsche X-trackers Harvest CSI 300 China | -43.76 |
| Equity | OPEN-END FUND | Shinhan BNPP Bonjour China Securities Investment | -34.57 |
| Equity | ETF | db x-trackers CSI300 Index UCITS ETF is a | -27.13 |
| Equity | ETF | db x-trackers CSI300 Index UCITS ETF is an | -24.07 |
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Source: MidLincoln Research South Africa Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | The Lyxor South Africa ETF is a UCITS compliant | 0.55 |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | 0.18 |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | 0.05 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.00 |
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Source: MidLincoln Research South Africa Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI South Africa - B UCITS ETF is | -3.11 |
| 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 | HSBC MSCI South Africa UCITS ETF is an exchange-traded | 0.00 |
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Source: MidLincoln Research Korea Inflows assclass | Type | profile | flow USD mln$ |
| Equity | CLOSED-END FUND | Enhanced Index Fund (Cayman) Ltd - Enhanced | 10.69 |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | 8.68 |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | 5.29 |
| Equity | ETF | db x-trackers - MSCI Korea TRN Index UCITS | 1.99 |
| Equity | OPEN-END FUND | Amundi Funds - Equity Korea is a SICAV | 1.30 |
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Source: MidLincoln Research Korea Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI South Korea Capped ETF is an | -22.49 |
| Equity | OPEN-END FUND | INVESCO Korean Equity Fund is a UCITS certified | -12.39 |
| Equity | OPEN-END FUND | KIM Investment Funds - Korea Navigator | -5.38 |
| Equity | ETF | Lyxor ETF MSCI Korea is an Exchange Traded | -3.63 |
| Equity | ETF | Lyxor ETF MSCI Korea is a UCITS compliant | -1.51 |
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Source: MidLincoln Research India Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | 12.07 |
| Equity | OPEN-END FUND | Morgan Stanley Investment Funds - Indian | 8.69 |
| Equity | OPEN-END FUND | Morgan Stanley Investment Funds - Indian | 6.20 |
| Equity | OPEN-END FUND | Invesco Funds SICAV - India Equity Fund | 4.92 |
| Equity | OPEN-END FUND | Jupiter India Fund is an authorised Unit | 3.55 |
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Source: MidLincoln Research India Outflows 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 | -55.35 |
| Equity | ETF | Lyxor ETF MSCI India is a UCITS compliant | -10.94 |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | -10.29 |
| Equity | OPEN-END FUND | GS India Equity Portfolio is a Portfolio | -9.12 |
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Source: MidLincoln Research Turkey Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | The Lyxor ETF Turkey (DJ Turkey Titans 20) | 1.31 |
| Equity | ETF | db x-trackers MSCI Turkey Index UCITS ETF | 0.18 |
| 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 |
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Source: MidLincoln Research Turkey Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | -9.59 |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | -2.53 |
| Equity | ETF | HSBC MSCI TURKEY UCITS ETF is an open-end, | -1.74 |
| Equity | ETF | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | 0.00 |
| Equity | ETF | RBS Market Access Dow Jones Turkey Titans | 0.00 |
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Source: MidLincoln Research Brazil Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Brazil Equity | 33.05 |
| Equity | ETF | iShares MSCI Brazil Capped ETF is an exchange-traded | 30.93 |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Brazil Equity | 6.08 |
| Equity | OPEN-END FUND | Fonditalia - Equity Brazil (F33) is an | 3.96 |
| Equity | OPEN-END FUND | BTG Pactual SICAV - Brazil Equity Plus | 2.94 |
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Source: MidLincoln Research Brazil Outflows assclass | Type | profile | flow USD mln$ |
| Fixed Income | OPEN-END FUND | Fondo Mutuo Security Fixed Income BRL is | -99.99 |
| Equity | ETF | Lyxor ETF Brazil (Ibovespa) USD is an exchange | -12.71 |
| Equity | OPEN-END FUND | JPMorgan Funds - Brazil Equity is an open-end | -7.75 |
| Equity | ETF | Lyxor ETF Brazil (IBOVESPA) EUR is an exchange | -4.60 |
| Fixed Income | OPEN-END FUND | DWS Brazil Bond Fund is an open-end investment | -3.89 |
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Source: MidLincoln Research Australia Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Australia UCITS ETF is an open-end, | 99.99 |
| Equity | OPEN-END FUND | SSgA Australia Index Equity Fund is an | 28.59 |
| Equity | ETF | iShares MSCI Australia ETF is an exchange-traded | 4.46 |
| Equity | ETF | WisdomTree Australia Dividend Fund is an | 2.77 |
| Equity | OPEN-END FUND | Australia Equity Income Fund is an open-end | 2.51 |
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Source: MidLincoln Research Australia Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring | -2.79 |
| Equity | OPEN-END FUND | NESTOR Australien Fonds is an open-end investment | -1.16 |
| Equity | OPEN-END FUND | NESTOR Australien Fonds is an open-end | -1.16 |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring Australia | -0.13 |
| Mixed Allocation | OPEN-END FUND | Commonwealth Australia/New Zealand Fund | -0.13 |
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Source: MidLincoln Research Canada Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | The UBS ETF - MSCI Canada 100% hedged to | 1.34 |
| Equity | ETF | HSBC MSCI Canada UCITS ETF is an exchange-traded | 0.03 |
| 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 |
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Source: MidLincoln Research Canada Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | -54.59 |
| Equity | ETF | UBS ETF - MSCI Canada UCITS ETF is an exchange | -9.08 |
| Equity | ETF | First Trust Canada AlphaDEX Fund is an exchange-traded | -4.98 |
| Equity | ETF | Lyxor ETF Canada (S&P TSX 60)-A is an open-ended | -0.32 |
| Equity | ETF | The UBS ETFs plc - MSCI Canada SF UCITS ETF | 0.00 |
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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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