Midlincoln Aggregates for funds Between August 20 and August 13 Style | Objective | Asset Class | Flow US mln$ | Risk | LONG SHORT | Alternative | -287,5 | Size | LARGE-CAP | Alternative | 21,8 | Commodities | INDUSTRIAL METALS | Commodity | -6,7 | Commodities | PRECIOUS METAL SECTOR | Equity | 29,7 | country | AUSTRALIA | Equity | 8,8 | country | BRAZIL | Equity | 130,5 | country | CHINA | Equity | 844,8 | country | INDIA | Equity | 27,4 | country | ISRAEL | Equity | 0,0 | country | KOREA | Equity | 64,6 | country | POLAND | Equity | -4,5 | country | RUSSIA | Equity | -85,7 | country | SOUTH AFRICA | Equity | -0,1 | country | SPAIN | Equity | 21,1 | country | TURKEY | Equity | -4,0 | country | UNITED KINGDOM | Equity | 129,3 | industry | BASIC MATERIALS SECTOR | Equity | 17,2 | industry | COMMUNICATIONS SECTOR | Equity | 16,5 | industry | ENERGY SECTOR | Equity | 300,2 | industry | FINANCIAL SECTOR | Equity | -267,4 | industry | HEALTH CARE SECTOR | Equity | 77,8 | industry | INDUSTRIAL SECTOR | Equity | 4,4 | industry | MULTIPLE SECTOR | Equity | 0,0 | industry | NATURAL RESOURCES SECTOR | Equity | -21,3 | industry | REAL ESTATE SECTOR | Equity | -244,5 | industry | TECHNOLOGY SECTOR | Equity | -0,4 | industry | UTILITIES SECTOR | Equity | 59,7 | region | AFRICAN REGION | Equity | 40,6 | region | ASIAN PACIFIC REGION | Equity | 836,1 | region | ASIAN PACIFIC REGION EX JAPAN | Equity | 944,3 | region | EASTERN EUROPEAN REGION | Equity | -2,3 | region | EUROPEAN REGION | Equity | -18471,1 | region | LATIN AMERICAN REGION | Equity | 993,4 | region | MIDDLE EAST REGION | Equity | 1,0 | region | NORDIC REGION | Equity | -15,7 | region | NORTH AMERICAN REGION | Equity | 4,0 | Risk | LONG SHORT | Equity | 3625,1 | segment | BRIC | Equity | -45,5 | segment | DEVELOPED MARKETS | Equity | -608,0 | segment | EMEA | Equity | 0,1 | segment | EMERGING MARKETS | Equity | 770,8 | segment | GCC | Equity | 0,3 | segment | MENA | Equity | 14,2 | Size | LARGE-CAP | Equity | 774,6 | Size | MID-CAP | Equity | 936,3 | Size | SMALL-CAP | Equity | -106,0 | country | AUSTRALIA | Fixed Income | 0,8 | country | BRAZIL | Fixed Income | -8,1 | country | CHINA | Fixed Income | 37,7 | country | INDIA | Fixed Income | -0,2 | country | JAPAN | Fixed Income | 130,5 | country | KOREA | Fixed Income | 0,0 | country | RUSSIA | Fixed Income | 3,9 | region | AFRICAN REGION | Fixed Income | 0,0 | region | ASIAN PACIFIC REGION | Fixed Income | -7,1 | region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | -100,8 | region | EASTERN EUROPEAN REGION | Fixed Income | 0,3 | region | EUROPEAN REGION | Fixed Income | 69,2 | region | LATIN AMERICAN REGION | Fixed Income | -5,1 | region | NORTH AMERICAN REGION | Fixed Income | -0,2 | Risk | GOVERNMENT BOND | Fixed Income | 663,9 | Risk | INFLATION PROTECTED | Fixed Income | 1146,8 | Risk | LONG SHORT | Fixed Income | 0,4 | segment | BRIC | Fixed Income | 0,1 | segment | EMEA | Fixed Income | 0,1 | segment | GCC | Fixed Income | 0,0 | segment | MENA | Fixed Income | 0,6 | country | JAPAN | Mixed Allocation | 533,5 | region | ASIAN PACIFIC REGION EX JAPAN | Mixed Allocation | 0,0 | Risk | INFLATION PROTECTED | Mixed Allocation | 0,0 | Risk | LONG SHORT | Mixed Allocation | 0,0 |
Source: Midlincoln Research
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| Fund Aggregates
Equity Fund Flow is mixed. GEM funds flows slightly cooler at 723$mn, Japan outflows are large, European equities outflows are large as well. China (+844) posted inflow, so did Brazil (+130mn$) and Korea (64mn$). Outflows were recorded for Russia (-85mn$) and Turkey (-4mn$).
BRIC funds showed outflow while MENA and GCC funds showed inflow.
Fixed Income funds show inflows. Mostly showed inflow. Russian inflow was 4mn$, Brazil showed outflow of 8mn$
Sector funds show inflow except financials Mostly inflows for sector focused funds except for financials and real estate sector funds.
CRABSTICKS set of countries flows: Data as of 2014-08-20 Weekly flows
Russia Inflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | iShares MSCI Russia A | 25.47 |
| Equity | ETF | Market Vectors Russia | 13.54 |
| Equity | OPEN-END FUND | JPMorgan Funds - Ru | 12.02 |
| Equity | OPEN-END FUND | JPMorgan Funds - Ru | 9.58 |
| Fixed Income | OPEN-END FUND | Parvest Bond World In | 4.05 |
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Source: MidLincoln Research
Russia Outflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | OPEN-END FUND | Parvest Equity Russ | -99.99 |
| Equity | ETF | db x-trackers MSCI Ru | -16.29 |
| Equity | ETF | db x-trackers MSCI Ru | -8.34 |
| Equity | ETF | LYXOR ETF RUSSIA Dow | -7.35 |
| Equity | OPEN-END FUND | DWS Russia is an op | -6.85 |
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Source: MidLincoln Research
China Inflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | Yuanta/P-shares SSE50 | 99.99 |
| Equity | ETF | iShares Asia Trust - | 99.99 |
| Equity | ETF | Bosera FTSE China A50 | 99.99 |
| Equity | OPEN-END FUND | Mirae Asset Tiger C | 59.98 |
| Equity | OPEN-END FUND | UBS (Lux) Equity Fu | 42.72 |
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Source: MidLincoln Research
China Outflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | OPEN-END FUND | Shinhan BNPP Bonjou | -24.38 |
| Equity | ETF | db x-trackers Harvest | -19.24 |
| Equity | ETF | db x-trackers CSI300 | -18.97 |
| Equity | OPEN-END FUND | Eastspring China Dr | -17.35 |
| Equity | ETF | db x-trackers CSI300 | -17.20 |
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Source: MidLincoln Research
South Africa Inflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | iShares MSCI South Af | 0.04 |
| Equity | ETF | iShares MSCI South Af | 0.02 |
| Equity | ETF | NEXT FUNDS FTSE/JSE | 0.00 |
| Equity | ETF | NEXT FUNDS FTSE/JSE A | 0.00 |
| Equity | ETF | RBS Market Access FTS | 0.00 |
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Source: MidLincoln Research
South Africa Outflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | iShares MSCI South Af | -0.17 |
| Equity | ETF | HSBC MSCI South Afric | -0.02 |
| Equity | ETF | NEXT FUNDS FTSE/JSE | 0.00 |
| Equity | ETF | NEXT FUNDS FTSE/JSE A | 0.00 |
| Equity | ETF | RBS Market Access FTS | 0.00 |
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Source: MidLincoln Research
Korea Inflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | iShares MSCI South Ko | 64.93 |
| Equity | OPEN-END FUND | KIM Investment Fund | 9.20 |
| Equity | ETF | db x-trackers - MSCI | 8.41 |
| Equity | ETF | iShares MSCI Korea UC | 4.46 |
| Equity | OPEN-END FUND | INVESCO Korean Equi | 3.05 |
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Source: MidLincoln Research
Korea Outflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | OPEN-END FUND | JPMorgan Funds - Kore | -19.60 |
| Equity | OPEN-END FUND | JPMorgan Funds - Ko | -7.72 |
| Equity | OPEN-END FUND | Amundi Funds - Equi | -0.94 |
| Equity | OPEN-END FUND | HSBC Global Investmen | -0.41 |
| Equity | ETF | iShares MSCI Korea UC | -0.19 |
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Source: MidLincoln Research
India Inflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | WisdomTree India Earn | 19.66 |
| Equity | OPEN-END FUND | Jupiter Global Fund - | 9.49 |
| Equity | OPEN-END FUND | Shinhan BNPP Bonjou | 9.20 |
| Equity | ETF | db x-trackers CNX Nif | 6.02 |
| Equity | OPEN-END FUND | Natixis Internation | 5.38 |
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Source: MidLincoln Research
India Outflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | OPEN-END FUND | HSBC Global Investm | -14.66 |
| Equity | OPEN-END FUND | Amundi Funds - Equi | -12.42 |
| Equity | OPEN-END FUND | HSBC Global Investmen | -5.95 |
| Equity | ETF | Direxion Daily India | -4.92 |
| Equity | OPEN-END FUND | Global Investment O | -4.12 |
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Source: MidLincoln Research
Turkey Inflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | iShares MSCI Turkey U | 6.17 |
| Equity | ETF | UBS ETF - MSCI Turkey | 0.03 |
| Equity | ETF | DJ TURKEY TITANS 20 T | 0.00 |
| Equity | ETF | HSBC MSCI TURKEY UCIT | 0.00 |
| Equity | ETF | RBS Market Access Dow | 0.00 |
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Source: MidLincoln Research
Turkey Outflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | The Lyxor ETF Turkey | -10.20 |
| Equity | ETF | iShares MSCI Turkey E | -0.01 |
| Equity | ETF | DJ TURKEY TITANS 20 T | 0.00 |
| Equity | ETF | HSBC MSCI TURKEY UCIT | 0.00 |
| Equity | ETF | RBS Market Access Dow | 0.00 |
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Source: MidLincoln Research
Brazil Inflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | iShares MSCI Brazil C | 99.99 |
| Fixed Income | OPEN-END FUND | Fondo Mutuo Securit | 99.99 |
| Equity | ETF | iShares MSCI Brazil U | 73.98 |
| Equity | OPEN-END FUND | JPMorgan Brazil Sec | 4.82 |
| Equity | ETF | iShares MSCI Brazil U | 0.23 |
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Source: MidLincoln Research
Brazil Outflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | OPEN-END FUND | Goal Acciones Brasi |
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| Equity | OPEN-END FUND | HSBC Global Investm | -25.50 |
| Equity | OPEN-END FUND | HSBC Global Investmen | -17.37 |
| Fixed Income | OPEN-END FUND | Bradesco Global Fun | -16.16 |
| Equity | ETF | Lyxor ETF Brazil (Ibo | -10.26 |
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Source: MidLincoln Research
Australia Inflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | iShares MSCI Australi | 6.96 |
| Equity | OPEN-END FUND | Candriam Equities L | 6.50 |
| Equity | ETF | The Lyxor ETF S&P ASX | 2.02 |
| Equity | ETF | Lyxor ETF Australia ( | 1.24 |
| Equity | OPEN-END FUND | Fisher Funds - Aust | 0.99 |
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Source: MidLincoln Research
Australia Outflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | OPEN-END FUND | Australia Equity In | -5.66 |
| Equity | OPEN-END FUND | UBS (Lux) Equity Fu | -3.32 |
| Equity | OPEN-END FUND | NESTOR Australien Fon | -1.63 |
| Equity | OPEN-END FUND | Baring Internationa | -1.37 |
| Equity | OPEN-END FUND | SSgA Australia Inde | -0.36 |
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Source: MidLincoln Research
Canada Inflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | iShares MSCI Canada - | 99.99 |
| Equity | ETF | iShares MSCI Canada E | 48.94 |
| Equity | ETF | The UBS ETF - MSCI Ca | 1.91 |
| Equity | ETF | The UBS ETFs plc - MS | 1.34 |
| Equity | ETF | HSBC MSCI Canada UCIT | 0.12 |
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Source: MidLincoln Research
Canada Outflows assclass | Type | Fund Name | flow USD mln$ |
| Equity | ETF | UBS ETF - MSCI Canada | -3.64 |
| Equity | ETF | UBS ETF - MSCI Canada | -0.18 |
| Equity | ETF | The UBS ETF - MSCI Ca | -0.13 |
| Equity | ETF | The UBS ETF - MSCI Ca | -0.07 |
| Equity | ETF | iShares MSCI Canada S | -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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