Fund Aggregates
Some emerging market China related equity fund outflow flow accelerate at least on our data. GEM outflow totaled 1.7bn$ for GEM dedicated funds. China outflow totaled 3.2bn$ for China equity funds.
However for other country dedicated funds some inflow has been recorded.
So for Russian equity funds we recorded 87mn$ of inflows, Brazil funds showed 86mn$ of inflows, Korea equity funds showed 7.3mn$ of inflows, Indian fund inflow was 127 mn$, South Africa funds showed outflows of 1.7mn$.
Elsewhere BRIC Equity fund flow was positive 610 mn$. While MENA, EMEA and GCC fund flow was neutral.
Fixed Income Brazil funds showed small outflow so did Russian and Korean. China and Indian fixed income funds showed inflows.
Among sector funds energy and health care funds showed biggest inflows.
Elsewhere long/short equity funds showed inflow of 1.3bn$. Large cap funds showed inflow while midcap funds showed outflow.
2014-09-26 Russia Inflows assclass | Type | prof | flow USD mln$ |
| Equity | ETF | Market Vectors Russia | 38.83 |
| Equity | ETF | Direxion Daily Russia | 31.20 |
| Equity | ETF | iShares MSCI Russia ADR/GDR | 12.04 |
| Equity | OPEN-END FUND | JPMorgan Funds - Russia | 10.30 |
| Equity | OPEN-END FUND | JPMorgan Russia Securities | 2.12 |
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Source: MidLincoln Research Russia Outflows assclass | Type | prof | flow USD mln$ |
| Equity | OPEN-END FUND | OTP Russia Equity Fund | -90.12 |
| Equity | ETF | Source RDX UCITS ETF | -35.55 |
| Equity | OPEN-END FUND | East Capital Lux - Russian | -4.08 |
| Equity | OPEN-END FUND | East Capital - Russian | -3.97 |
| Equity | ETF | Direxion Daily Russia | -3.26 |
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Source: MidLincoln Research China Inflows assclass | Type | prof | flow USD mln$ |
| Equity | OPEN-END FUND | Shinhan BNPP Bonjour | 99.99 |
| Equity | ETF | iShares Asia Trust - | 99.99 |
| Equity | OPEN-END FUND | Schroder China Growth | 85.91 |
| Equity | OPEN-END FUND | AssetPlus China Rich | 49.89 |
| Equity | OPEN-END FUND | UBS (Lux) Equity Fund | 45.95 |
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Source: MidLincoln Research China Outflows assclass | Type | prof | flow U SD mln$ |
| Equity | OPEN-END FUND | TongYang Nest-Egg China |
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| Equity | OPEN-END FUND | Mirae Asset China Industry | -99.99 |
| Equity | OPEN-END FUND | Mirae Asset China Solomon | -99.99 |
| Equity | ETF | Bosera FTSE China A50 | -99.99 |
| Equity | OPEN-END FUND | Hanwha China Legend | -99.99 |
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Source: MidLincoln Research South Africa Inflows assclass | Type | prof | flow USD mln$ |
| Equity | ETF | The Lyxor South Africa | 7.07 |
| Equity | ETF | iShares MSCI South Africa | 3.78 |
| Equity | ETF | NEXT FUNDS FTSE/JSE | 0.00 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa | 0.00 |
| Equity | ETF | RBS Market Access FTSE/JSE | 0.00 |
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Source: MidLincoln Research South Africa Outflows assclass | Type | prof | flow USD mln$ |
| Equity | ETF | iShares MSCI South Africa | -5.32 |
| Equity | ETF | iShares MSCI South Africa | -0.21 |
| Equity | ETF | HSBC MSCI South Africa | -0.08 |
| Equity | ETF | NEXT FUNDS FTSE/JSE | 0.00 |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa | 0.00 |
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Source: MidLincoln Research Korea Inflows assclass | Type | prof | flow USD mln$ |
| Equity | ETF | iShares MSCI South Korea | 18.03 |
| Equity | ETF | db x-trackers - MSCI | 4.16 |
| Equity | OPEN-END FUND | INVESCO Korean Equity | 1.32 |
| Equity | CLOSED-END FUND | Korea Equity Fund, | 0.01 |
| Equity | ETF | NEXT NOTES KOSPI200 Leveraged | 0.00 |
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Source: MidLincoln Research Korea Outflows assclass | Type | prof | flow USD mln$ |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea | -8.24 |
| Equity | OPEN-END FUND | HSBC Global Investment | -4.63 |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea | -2.40 |
| Equity | ETF | iShares MSCI Korea UCITS | -1.91 |
| Equity | OPEN-END FUND | HSBC Global Investment | -1.82 |
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Source: MidLincoln Research India Inflows assclass | Type | prof | flow USD mln$ |
| Equity | OPEN-END FUND | HSBC Global Investment | 99.99 |
| Equity | OPEN-END FUND | GS India Equity Portfolio | 17.31 |
| Equity | OPEN-END FUND | JPMorgan Funds - India | 14.25 |
| Equity | ETF | iShares MSCI India ETF | 10.62 |
| Equity | OPEN-END FUND | Edmond De Rothschild | 6.48 |
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Source: MidLincoln Research India Outflows assclass | Type | prof | flow USD mln$ |
| Equity | OPEN-END FUND | HSBC Global Investment | -22.35 |
| Equity | OPEN-END FUND | Jupiter JGF - India Select | -7.61 |
| Equity | ETF | Market Vectors India | -4.91 |
| Fixed Income | OPEN-END FUND | Emerging India Focus | -4.09 |
| Equity | OPEN-END FUND | Vontobel India Fund | -3.10 |
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Source: MidLincoln Research Turkey Inflows assclass | Type | prof | flow USD mln$ |
| Equity | ETF | DJ TURKEY TITANS 20 THEAM | 0.00 |
| Equity | ETF | HSBC MSCI TURKEY UCITS | 0.00 |
| Equity | ETF | RBS Market Access Dow | 0.00 |
| Equity | ETF | UBS ETF - MSCI Turkey | 0.00 |
| Equity | ETF | db x-trackers MSCI Turkey | 0.00 |
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Source: MidLincoln Research Turkey Outflows assclass | Type | prof | flow USD mln$ |
| Equity | ETF | iShares MSCI Turkey UCITS | -5.32 |
| Equity | ETF | The Lyxor ETF Turkey | -3.80 |
| Equity | ETF | iShares MSCI Turkey ETF | -0.49 |
| Equity | ETF | DJ TURKEY TITANS 20 THEAM | 0.00 |
| Equity | ETF | HSBC MSCI TURKEY UCITS | 0.00 |
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Source: MidLincoln Research Brazil Inflows assclass | Type | prof | flow USD mln$ |
| Equity | ETF | iShares MSCI Brazil Capped | 99.99 |
| Fixed Income | OPEN-END FUND | Fondo Mutuo Security | 99.99 |
| Equity | OPEN-END FUND | JPMorgan Funds - Brazil | 8.11 |
| Equity | ETF | iShares MSCI Brazil UCITS | 3.02 |
| Equity | OPEN-END FUND | Fondo Mutuo IM Trust | 1.36 |
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Source: MidLincoln Research Brazil Outflows assclass | Type | prof | flow USD mln$ |
| Fixed Income | OPEN-END FUND | UBS (Lux) Bond Sicav |
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| Fixed Income | OPEN-END FUND | Bradesco Global Funds | -11.37 |
| Equity | OPEN-END FUND | HSBC Global Investment | -6.15 |
| Fixed Income | OPEN-END FUND | UBS (Lux) Bond Sicav | -5.59 |
| Equity | OPEN-END FUND | Amundi Funds - Equity | -4.47 |
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Source: MidLincoln Research Australia Inflows assclass | Type | prof | flow USD mln$ |
| Equity | OPEN-END FUND | UBS (Lux) Equity Fund | 3.69 |
| Fixed Income | OPEN-END FUND |
| 1.43 |
| Equity | OPEN-END FUND | Candriam Equities L | 0.77 |
| Equity | OPEN-END FUND | SSgA Australia Index | 0.61 |
| Equity | OPEN-END FUND | Candriam Equities L - | 0.53 |
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Source: MidLincoln Research Australia Outflows assclass | Type | prof | flow USD mln$ |
| Equity | OPEN-END FUND | Baring International | -3.96 |
| Equity | ETF | iShares MSCI Australia | -1.87 |
| Equity | ETF | iShares MSCI Australia | -0.94 |
| Equity | OPEN-END FUND | Baring International | -0.88 |
| Equity | OPEN-END FUND | Australia Equity Income | -0.34 |
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Source: MidLincoln Research Canada Inflows assclass | Type | prof | flow USD mln$ |
| Equity | ETF | The Lyxor ETF Canada | 38.76 |
| Equity | ETF | First Trust Canada AlphaDEX | 16.18 |
| Equity | ETF | UBS ETF - MSCI Canada | 3.85 |
| Equity | ETF | The UBS ETF - MSCI Canada | 3.80 |
| Equity | ETF | The UBS ETFs plc - MSCI | 2.79 |
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Source: MidLincoln Research Canada Outflows assclass | Type | prof | flow USD mln$ |
| Equity | ETF | iShares MSCI Canada - | -99.99 |
| Equity | ETF | iShares MSCI Canada ETF | -65.37 |
| Equity | ETF | db x-trackers MSCI Canada | -2.71 |
| Equity | ETF | HSBC MSCI Canada UCITS | -0.55 |
| Equity | ETF | UBS ETF - MSCI Canada | 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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