Fund Aggregates
Last week ending Friday Oct 24 Emerging markets equity fund flow was positive recording 80mn$ of inflows following couple of months of outflows. Emerging Frontier equity funds also were in green receiving 4.8mn$.
Elsewhere on the emerging markets Brazil funds showed 156mn$ of inflows. Russia funds showed 22mn$ of inflows. Korea +8.2mn$, India +19mn, SA +0.3mn$. While China continued in the red with 291 mn$ in outflows. Turkey showed 14mn$ in outflows.
On fixed income side Brazil -1.8mn$, China FI 54 mn$, India FI +1mn$,
In sector funds Energy funds showed 700mn$ in outflows.
Large cap and mid cap funds showed inflow while small-caps showed outflows.
To 5 funds with inflows and top 5 with outflows for select countries.
2014-10-24
Russia Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | LYXOR ETF RUSSIA Dow Jones Russia GDR - D | 14.60 |
| Equity | ETF | Market Vectors Russia ETF is an exchange-traded | 12.19 |
| Equity | ETF | Direxion Daily Russia Bull 3x Shares is an | 11.85 |
| Equity | ETF | db x-trackers MSCI Russia Capped Index UCITS | 8.34 |
| Equity | ETF | LYXOR ETF RUSSIA (Dow Jones Russia GDR) - | 7.30 |
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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 | -95.02 |
| Equity | OPEN-END FUND | Credit Suisse Lux Russia Equity Fund is | -6.54 |
| Equity | ETF | Direxion Daily Russia Bear 3x Shares is an | -4.87 |
| Equity | OPEN-END FUND | OTP Russia Equity Fund is an open-end investment | -4.47 |
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Source: MidLincoln Research China Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | ChinaAMC ETF Series - ChinaAMC CES China | 86.56 |
| Equity | ETF | db x-trackers Harvest CSI300 INDEX UCITS | 36.48 |
| Fixed Income | OPEN-END FUND | Deutsche Invest I China Bonds is an open-end | 31.34 |
| Equity | OPEN-END FUND | Shinhan BNPP China Mainland Securities | 20.55 |
| Fixed Income | OPEN-END FUND | Deutsche Invest I China Bonds is an open-end | 12.11 |
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Source: MidLincoln Research China Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares Asia Trust - iShares FTSE A50 China | -99.99 |
| Fixed Income | OPEN-END FUND | GaveKal China Fixed Income UCITS Fund is | -99.99 |
| Equity | OPEN-END FUND | JPMorgan Funds - China Fund is an open-end | -29.92 |
| Equity | ETF | Deutsche X-trackers Harvest CSI 300 China | -26.49 |
| Equity | ETF | db x-trackers CSI300 Index UCITS ETF is a | -22.93 |
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Source: MidLincoln Research South Africa Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | 0.25 |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | 0.06 |
| Equity | ETF | HSBC MSCI South Africa UCITS ETF is an exchange-traded | 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 | 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 |
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Source: MidLincoln Research Korea Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI South Korea Capped ETF is an | 35.48 |
| Equity | OPEN-END FUND | Amundi Funds - Equity Korea is a SICAV | 1.57 |
| Equity | ETF | iShares MSCI Korea UCITS ETF (Acc) is an | 0.44 |
| Equity | ETF | iShares MSCI Korea UCITS ETF (Dist) is an | 0.23 |
| Equity | ETF | NEXT NOTES F-KOSPI200 Inverse ETN is an Exchange | 0.09 |
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Source: MidLincoln Research Korea Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | -13.06 |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | -10.34 |
| Equity | ETF | Lyxor ETF MSCI Korea is an Exchange Traded | -7.63 |
| Equity | ETF | Lyxor ETF MSCI Korea is a UCITS compliant | -3.18 |
| Equity | OPEN-END FUND | INVESCO Korean Equity Fund is a UCITS certified | -1.81 |
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Source: MidLincoln Research India Inflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | AllianceBernstein - India Growth Portfolio | 99.99 |
| Equity | ETF | db x-trackers CNX Nifty UCITS ETF is a UCITS | 17.40 |
| Equity | ETF | iShares MSCI India Index ETF is an exchange-traded | 13.27 |
| Equity | OPEN-END FUND | Vontobel India Fund is an open-end fund | 10.77 |
| Equity | OPEN-END FUND | Jupiter JGF - India Select is an open-end | 8.07 |
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Source: MidLincoln Research India Outflows assclass | Type | profile | flow USD mln$ |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | -10.21 |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | -9.87 |
| Equity | ETF | iPath MSCI India Index ETN is an exchange-traded | -8.62 |
| Equity | OPEN-END FUND | Pioneer Funds - India Equity is an open-end | -7.04 |
| Equity | OPEN-END FUND | JPMorgan Funds - India Fund is an open-end | -5.44 |
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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) | 10.08 |
| Equity | ETF | db x-trackers MSCI Turkey Index UCITS ETF | 7.58 |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | 0.02 |
| Equity | ETF | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | 0.00 |
| Equity | ETF | HSBC MSCI TURKEY UCITS ETF is an open-end, | 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, | -14.66 |
| Equity | ETF | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | 0.00 |
| Equity | ETF | HSBC MSCI TURKEY UCITS ETF is an open-end, | 0.00 |
| Equity | ETF | RBS Market Access Dow Jones Turkey Titans | 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 | ETF | iShares MSCI Brazil Capped ETF is an exchange-traded | 99.99 |
| Equity | ETF | db x-trackers - MSCI Brazil TRN Index UCITS | 34.63 |
| Fixed Income | OPEN-END FUND | UBS (Lux) Bond Sicav - Brazil is an open-end | 27.61 |
| Equity | ETF | Direxion Daily Brazil Bull 3x Shares is an | 12.34 |
| Equity | ETF | Lyxor ETF Brazil (Ibovespa) USD is an exchange | 11.23 |
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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 | iShares MSCI Brazil UCITS ETF (Acc) is an | -38.08 |
| Equity | OPEN-END FUND | Deutsche Invest I Brazilian Equities is an | -21.88 |
| Equity | OPEN-END FUND | Deutsche Invest I Brazilian Equities is | -20.47 |
| Equity | ETF | AMUNDI ETF MSCI BRAZIL is an exchange-traded | -2.76 |
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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, | 53.93 |
| Equity | OPEN-END FUND | SSgA Australia Index Equity Fund is an | 14.41 |
| Fixed Income | FUND OF FUNDS |
| 3.10 |
| Equity | ETF | iShares MSCI Australia ETF is an exchange-traded | 1.46 |
| Equity | OPEN-END FUND | Australia Equity Income Fund is an open-end | 1.16 |
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Source: MidLincoln Research Australia Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | db x-trackers S&P/ASX 200 UCITS ETF (DR) | -4.65 |
| Equity | OPEN-END FUND | Candriam Equities L - Australia is a SICAV | -2.35 |
| Equity | OPEN-END FUND | Candriam Equities L - Australia is a SICAV | -1.28 |
| Equity | OPEN-END FUND | Fisher Funds - Australian Growth Fund is | -0.45 |
| Equity | OPEN-END FUND | Swisscanto AST Avant Aktien Ausland Index | -0.34 |
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Source: MidLincoln Research Canada Inflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | 27.67 |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | 9.35 |
| Equity | ETF | HSBC MSCI Canada UCITS ETF is an exchange-traded | 0.35 |
| Equity | ETF | Lyxor ETF Canada (S&P TSX 60)-A is an open-ended | 0.00 |
| Equity | ETF | iShares MSCI Canada Small-Cap ETF is an exchange-traded | 0.00 |
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Source: MidLincoln Research Canada Outflows assclass | Type | profile | flow USD mln$ |
| Equity | ETF | The UBS ETF - MSCI Canada 100% hedged to | -99.99 |
| Equity | ETF | The UBS ETF - MSCI Canada 100% hedged to | -95.07 |
| Equity | ETF | UBS ETF - MSCI Canada 100% hedged to CHF | -84.03 |
| Equity | ETF | The UBS ETFs plc - MSCI Canada SF UCITS ETF | -71.12 |
| Equity | ETF | The UBS ETF - MSCI Canada 100% hedged to | -68.60 |
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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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