Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | -12.47 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | -6.96 | |
| Commodities | PRECIOUS METALS | Commodity | -96.21 | |
| Commodities | PRECIOUS METALS | Mixed Allocation | -0.21 | |
| country | AUSTRALIA | Equity | 9.31 | |
| country | AUSTRALIA | Fixed Income | -2.75 | |
| country | AUSTRALIA | Mixed Allocation | -0.02 | |
| country | BRAZIL | Equity | 35.99 | |
| country | BRAZIL | Fixed Income | 295.70 | |
| country | CHINA | Equity | 4086.16 | |
| country | CHINA | Fixed Income | -351.90 | |
| country | INDIA | Equity | 10.72 | |
| country | INDIA | Fixed Income | -6.17 | |
| country | ISRAEL | Equity | 0.31 | |
| country | JAPAN | Equity | -350.26 | |
| country | JAPAN | Fixed Income | -407.67 | |
| country | KOREA | Equity | 110.28 | |
| country | POLAND | Equity | 1.30 | |
| country | RUSSIA | Equity | 63.66 | |
| country | RUSSIA | Fixed Income | 0.67 | |
| country | SOUTH AFRICA | Equity | 0.00 | |
| country | SPAIN | Equity | 27.77 | |
| Country | TAIWAN | Equity | 2.37 | |
| country | TURKEY | Equity | -4.46 | |
| country | UNITED KINGDOM | Equity | -74.83 | |
| industry | BASIC MATERIALS SECTOR | Equity | 6.95 | |
| industry | COMMUNICATIONS SECTOR | Equity | 39.58 | |
| industry | ENERGY SECTOR | Equity | -46.29 | |
| industry | FINANCIAL SECTOR | Equity | 57.76 | |
| industry | HEALTH CARE SECTOR | Equity | 55.00 | |
| industry | INDUSTRIAL SECTOR | Equity | -8.57 | |
| industry | NATURAL RESOURCES SECTOR | Equity | -79.50 | |
| industry | REAL ESTATE SECTOR | Alternative | -0.10 | |
| industry | REAL ESTATE SECTOR | Equity | 184.08 | |
| industry | TECHNOLOGY SECTOR | Equity | 114.44 | |
| industry | UTILITIES SECTOR | Equity | 86.49 | |
| region | AFRICAN REGION | Equity | -1.75 | |
| region | ASIAN PACIFIC REGION | Equity | -134.23 | |
| region | ASIAN PACIFIC REGION | Fixed Income | -47.34 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | -357.61 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | 40.65 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Mixed Allocation | -0.12 | |
| region | EASTERN EUROPEAN REGION | Equity | -4.25 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | -2.56 | |
| region | EUROPEAN REGION | Equity | 1308.64 | |
| region | EUROPEAN REGION | Fixed Income | 76.04 | |
| region | EUROPEAN REGION | Mixed Allocation | 0.07 | |
| region | LATIN AMERICAN REGION | Equity | 4.28 | |
| region | LATIN AMERICAN REGION | Fixed Income | 207.11 | |
| region | MIDDLE EAST REGION | Equity | -2.32 | |
| region | MIDDLE EAST REGION | Fixed Income | -0.65 | |
| region | NORDIC REGION | Equity | 4.63 | |
| region | NORTH AMERICAN REGION | Equity | -94.90 | |
| region | NORTH AMERICAN REGION | Fixed Income | -0.26 | |
| Risk | GOVERNMENT BOND | Fixed Income | 304.78 | |
| Risk | INFLATION PROTECTED | Fixed Income | 90.01 | |
| Risk | LONG SHORT | Alternative | -61.01 | |
| Risk | LONG SHORT | Equity | -2453.56 | |
| Risk | LONG SHORT | Fixed Income | -0.71 | |
| Risk | LONG SHORT | Mixed Allocation | 0.00 | |
| Sector | AGRICULTURE | Commodity | 2.98 | |
| Sector | AGRICULTURE | Equity | 0.08 | |
| Sector | CONSUMER DISCRETIONARY | Equity | 1.74 | |
| Sector | CONSUMER STAPLES | Equity | 5.81 | |
| segment | BRIC | Equity | -7.32 | |
| segment | BRIC | Fixed Income | -0.04 | |
| segment | DEVELOPED MARKETS | Equity | 1392.33 | |
| segment | EMEA | Equity | -1.70 | |
| segment | EMEA | Fixed Income | 0.31 | |
| segment | EMERGING MARKETS | Equity | 698.78 | |
| segment | GCC | Equity | -5.53 | |
| segment | GCC | Fixed Income | 0.00 | |
| segment | MENA | Equity | -2.69 | |
| segment | MENA | Fixed Income | -0.68 | |
| Size | LARGE-CAP | Equity | -2754.79 | |
| Size | MID-CAP | Commodity | -0.26 | |
| Size | MID-CAP | Equity | 630.93 | |
| Size | SMALL-CAP | Equity | 250.99 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed 698.8 USD mn of inflow. While Frontier Markets funds showed 4.3 USD mn of inflows.
BRAZIL Equity funds showed 36.0 USD mn of inflow.
BRAZIL Fixed Income funds showed 295.7 USD mn of inflow.
CHINA Equity funds showed 4086.2 USD mn of inflow.
CHINA Fixed Income funds showed -351.9 USD mn of outflow.
INDIA Equity funds showed 10.7 USD mn of inflow.
INDIA Fixed Income funds showed -6.2 USD mn of outflow.
KOREA Equity funds showed 110.3 USD mn of inflow.
RUSSIA Equity funds showed 63.7 USD mn of inflow.
RUSSIA Fixed Income funds showed 0.7 USD mn of inflow.
SOUTH AFRICA Equity funds showed 0.0 USD mn of inflow.
TURKEY Equity funds showed -4.5 USD mn of outflow.
COMMUNICATIONS SECTOR Equity funds showed 39.6 USD mn of inflow.
ENERGY SECTOR Equity funds showed -46.3 USD mn of outflow.
FINANCIAL SECTOR Equity funds showed 57.8 USD mn of inflow.
REAL ESTATE SECTOR Alternative funds showed -0.1 USD mn of outflow.
REAL ESTATE SECTOR Equity funds showed 184.1 USD mn of inflow.
TECHNOLOGY SECTOR Equity funds showed 114.4 USD mn of inflow.
UTILITIES SECTOR Equity funds showed 86.5 USD mn of inflow.
LONG SHORT Alternative funds showed -61.0 USD mn of outflow.
LONG SHORT Equity funds showed -2453.6 USD mn of outflow.
LONG SHORT Fixed Income funds showed -0.7 USD mn of outflow.
LONG SHORT Mixed Allocation funds showed 0.0 USD mn of inflow.
It is worth noting that MidLincoln data shows flow dynamics for last week ending last Friday where as EPFR data reports data only to last Wednesday, which makes ML data far more relevant
Top 5 fund winners and Top 5 losers by country by inflow
Russia Inflows
| assclass | profile | flow USD mln$ | |
| Equity | HSBC Global Investment Funds - Russia Equity | 23.26 | |
| Equity | Market Vectors Russia ETF is an exchange-traded | 17.43 | |
| Equity | iShares MSCI Russi a ADR/GDR UCITS ETF | 17.29 | |
| Equity | HSBC Global Investment Funds - Russia Equity | 14.16 | |
| Equity | LYXOR ETF RUSSIA (Dow Jones Russia GDR) - | 5.73 |
Russia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | SEB Fund 2 - SEB Russia Fund is an FPC | -4.16 | |
| Equity | DWS Russia is an open-end investment fund | -3.57 | |
| Equity | JPMorgan Funds - Russia Fund is an open-end | -3.34 | |
| Equity | JPMorgan Funds - Russia Fund is an open-end | -3.11 | |
| Equity | East Capital - Russian Fund is an open-end | -3.01 |
Source: MidLincoln Research
China Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares China Large-Cap ETF is an exchange-traded | 99.99 | |
| Equity | iShares Asia Trust - iShares FTSE A50 China | 99.99 | |
| Equity | Hang Seng Investment Index Funds Series - | 71.09 | |
| Equity | HSBC Global Investment Funds - Chinese Equity | 57.44 | |
| Equity | W.I.S.E. - CSI 300 China Tracker� is an index-tracking | 23.93 |
China Outflows
| assclass | profile | flow USD mln$ | |
| Equity | CSOP FTSE China A50 ETF is an exchange-traded | -99.99 | |
| Fixed Income | Deutsche Invest I China Bonds is an open-end | -85.14 | |
| Fixed Income | Deutsche Invest I China Bonds is an open-end | -84.82 | |
| Fixed Income | Deutsche Invest I China Bonds is an open-end | -84.14 | |
| Fixed Income | Deutsche Invest I China Bonds is an open-end | -77.82 |
Source: MidLincoln Research
South Africa Inflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 |
South Africa Outflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 |
Source: MidLincoln Research
Korea Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI South Korea Capped ETF is an | 94.00 | |
| Equity | Korea Equity Fund, Inc. is a non-diversified, | 8.63 | |
| Equity | db x-trackers - MSCI Korea TRN Index UCITS | 5.24 | |
| Equity | JPMorgan Funds - Korea Equity is an open-end | 3.77 | |
| Equity | Lyxor ETF MSCI Korea is a UCITS compliant | 2.00 |
Korea Outflows
| assclass | profile | flow USD mln$ | |
| Equity | INVESCO Korean Equity Fund is a UCITS | -2.93 | |
| Equity | INVESCO Korean Equity Fund is a UCITS certified | -2.78 | |
| Equity | JPMorgan Funds - Korea Equity is an open-end | -1.47 | |
| Equity | HSBC Global Investment Funds - Korean Equity | -0.51 | |
| Equity | Baring Korea Feeder Fund is an open-end | -0.27 |
Source: MidLincoln Research
India Inflows
| assclass | profile | flow USD mln$ | |
| Equity | HSBC Global Investment Funds - Indian Equity | 49.14 | |
| Equity | Vontobel India Fund is an open-end fund | 41.39 | |
| Equity | iShares MSCI India ETF is an exchange-traded | 30.26 | |
| Equity | WisdomTree India Earnings Fund is an exchange-traded | 20.40 | |
| Equity | Kotak Funds - India Midcap Fund is a SICAV | 9.28 |
India Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Invesco Funds SICAV - India Equity Fund is | -40.28 | |
| Equity | Jupiter JGF - India Select is an open-end | -35.17 | |
| Equity | Ocean Dial Gateway to India Fund is an | -21.77 | |
| Equity | Edmond De Rothschild India is an open-end | -12.30 | |
| Equity | Edmond De Rothschild India is an open-end | -12.22 |
Source: MidLincoln Research
Turkey Inflows
| assclass | profile | flow USD mln$ | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | 0.46 | |
| Equity | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | -0.18 | |
| Equity | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -4.74 |
Turkey Outflows
| assclass | profile | flow USD mln$ | |
| Equity | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -4.74 | |
| Equity | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | -0.18 | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | 0.46 |
Source: MidLincoln Research
Brazil Inflows
| assclass | profile | flow USD mln$ | |
| Fixed Income | Fondo Mutuo Security Fixed Income BRL is | 99.99 | |
| Equity | Lyxor ETF Brazil (Ibovespa) USD is an exchange | 16.10 | |
| Equity | iShares MSCI Brazil UCITS ETF (Dist) is an | 13.19 | |
| Fixed Income | DWS Brazil Bond Fund is an open-end investment | 2.25 | |
| Equity | Fonditalia - Equity Brazil (F33) is an | 2.12 |
Brazil Outflows
| assclass | profile | flow USD mln$ | |
| Equity | ProShares UltraShort MSCI Brazil Capped is short | -1.78 | |
| Fixed Income | Santander FIC FI Renda Fixa I Credito Privado | -0.98 | |
| Equity | HSBC Global Investment Funds - Brazil Equity | -0.89 | |
| Equity | Victoire Brasil Investment Funds - Select | -0.88 | |
| Equity | Fondo Mutuo IM Trust Acciones Estrategicas | -0.72 |
Source: MidLincoln Research
Australia Inflows
| assclass | profile | flow USD mln$ | |
| Equity | db x-trackers S&P/ASX 200 UCITS ETF (DR) | 5.44 | |
| Equity | Baring International Umbrella - Baring Australia | 3.01 | |
| Equity | Candriam Equities L - Australia is a SICAV | 2.86 | |
| Equity | Australia Equity Income Fund is an open-end | 1.70 | |
| Equity | Baring International Umbrella - Baring Australia | 1.64 |
Australia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Candriam Equities L - Australia is a SICAV | -3.38 | |
| Fixed Income | -2.07 | ||
| Equity | WisdomTree Australia Dividend Fund is an | -1.42 | |
| Equity | Baring International Umbrella - Baring | -0.76 | |
| Fixed Income | Daiwa Bond Fund Series - Monthly Dividend | -0.68 |
Source: MidLincoln Research
Canada Inflows
Canada Outflows
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