Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | -0.50 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | -20.29 | |
| Commodities | PRECIOUS METALS | Commodity | -181.62 | |
| country | AUSTRALIA | Equity | 62.67 | |
| country | AUSTRALIA | Fixed Income | -2.21 | |
| country | AUSTRALIA | Mixed Allocation | -0.18 | |
| country | BRAZIL | Equity | -0.59 | |
| country | BRAZIL | Fixed Income | -0.23 | |
| country | CHINA | Equity | 6861.56 | |
| country | CHINA | Fixed Income | -5.62 | |
| country | INDIA | Equity | 55.37 | |
| country | ISRAEL | Equity | 0.07 | |
| country | JAPAN | Equity | -17049.29 | |
| country | KOREA | Equity | 68.25 | |
| country | RUSSIA | Equity | 65.13 | |
| country | SOUTH AFRICA | Equity | 0.94 | |
| Country | TAIWAN | Equity | -0.16 | |
| country | TURKEY | Equity | 9.44 | |
| country | UNITED KINGDOM | Equity | 36.90 | |
| industry | BASIC MATERIALS SECTOR | Equity | -0.90 | |
| industry | COMMUNICATIONS SECTOR | Equity | -9.02 | |
| industry | ENERGY SECTOR | Equity | -9.17 | |
| industry | FINANCIAL SECTOR | Equity | 32.41 | |
| industry | HEALTH CARE SECTOR | Equity | 63.60 | |
| industry | INDUSTRIAL SECTOR | Equity | -7.05 | |
| industry | NATURAL RESOURCES SECTOR | Equity | -91.24 | |
| industry | REAL ESTATE SECTOR | Alternative | 5.41 | |
| industry | REAL ESTATE SECTOR | Equity | 693.64 | |
| industry | TECHNOLOGY SECTOR | Equity | 50.39 | |
| industry | UTILITIES SECTOR | Equity | 532.22 | |
| region | AFRICAN REGION | Equity | -0.77 | |
| region | ASIAN PACIFIC REGION | Equity | 23.17 | |
| region | ASIAN PACIFIC REGION | Fixed Income | -20.29 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | 182.12 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | 0.02 | |
| region | EASTERN EUROPEAN REGION | Equity | 20.64 | |
| region | EUROPEAN REGION | Equity | -655.81 | |
| region | EUROPEAN REGION | Fixed Income | -5.53 | |
| region | LATIN AMERICAN REGION | Equity | 1.91 | |
| region | MIDDLE EAST REGION | Equity | 0.57 | |
| region | NORTH AMERICAN REGION | Equity | -4.18 | |
| Risk | GOVERNMENT BOND | Fixed Income | -120.67 | |
| Risk | INFLATION PROTECTED | Fixed Income | 31.56 | |
| Risk | LONG SHORT | Alternative | -19.23 | |
| Risk | LONG SHORT | Equity | 116.88 | |
| Sector | AGRICULTURE | Commodity | -5.75 | |
| Sector | CONSUMER DISCRETIONARY | Equity | -0.77 | |
| Sector | CONSUMER STAPLES | Equity | 44.37 | |
| segment | BRIC | Equity | -2.42 | |
| segment | BRIC | Fixed Income | -0.08 | |
| segment | DEVELOPED MARKETS | Equity | 122.37 | |
| segment | EMEA | Equity | 0.69 | |
| segment | EMERGING MARKETS | Equity | 495.44 | |
| segment | MENA | Equity | -0.75 | |
| Size | LARGE-CAP | Equity | 7210.83 | |
| Size | MID-CAP | Commodity | 0.01 | |
| Size | MID-CAP | Equity | -91.32 | |
| Size | SMALL-CAP | Equity | 55.81 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed 495.4 USD mn of inflow. While Frontier Markets funds showed -3.1 USD mn of outflows.
BRAZIL Equity funds showed -0.6 USD mn of outflow.
BRAZIL Fixed Income funds showed -0.2 USD mn of outflow.
CHINA Equity funds showed 6861.6 USD mn of inflow.
CHINA Fixed Income funds showed -5.6 USD mn of outflow.
INDIA Equity funds showed 55.4 USD mn of inflow.
KOREA Equity funds showed 68.2 USD mn of inflow.
RUSSIA Equity funds showed 65.1 USD mn of inflow.
SOUTH AFRICA Equity funds showed 0.9 USD mn of inflow.
TURKEY Equity funds showed 9.4 USD mn of inflow.
COMMUNICATIONS SECTOR Equity funds showed -9.0 USD mn of outflow.
ENERGY SECTOR Equity funds showed -9.2 USD mn of outflow.
FINANCIAL SECTOR Equity funds showed 32.4 USD mn of inflow.
REAL ESTATE SECTOR Alternative funds showed 5.4 USD mn of inflow.
REAL ESTATE SECTOR Equity funds showed 693.6 USD mn of inflow.
TECHNOLOGY SECTOR Equity funds showed 50.4 USD mn of inflow.
UTILITIES SECTOR Equity funds showed 532.2 USD mn of inflow.
LONG SHORT Alternative funds showed -19.2 USD mn of outflow.
LONG SHORT Equity funds showed 116.9 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 | Market Vectors Russia ETF is an exchange-traded | 50.38 | |
| Equity | iShares MSCI Russi a ADR/GDR UCITS ETF | 13.83 | |
| Equity | Kiwoom Russia Explorer Securities Investment | 0.57 | |
| Equity | JPMorgan Russia Securities Feeder Investment | 0.55 | |
| Equity | JPMorgan Russia Equity Investment Trust | 0.20 |
Russia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Direxion Daily Russia Bull 3x Shares is an | -0.75 | |
| Equity | Voya Russia Fund is an open-end fund incorporated | -0.14 | |
| Equity | NEXT FUNDS Russia RTS Linked Exchange Traded | -0.07 | |
| Equity | HANA UBS Russia Securities Feeder Investment | -0.02 | |
| Equity | SPDR S&P Russia ETF is an exchange-traded | -0.02 |
Source: MidLincoln Research
China Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares Asia Trust - iShares FTSE A50 China | 99.99 | |
| Equity | Morgan Stanley China A Share Fund is a non-diversified, | 88.64 | |
| Equity | HSBC Global Investment Funds - Chinese | 33.25 | |
| Equity | HSBC Global Investment Funds - Chinese Equity | 31.13 | |
| Equity | HSBC Global Investment Funds - Chinese | 16.59 |
China Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares China Large-Cap ETF is an exchange-traded | -27.16 | |
| Equity | Eastspring China Dragon A Share Securities | -20.68 | |
| Equity | Hang Seng Investment Index Funds Series - | -19.92 | |
| Equity | Powershares Golden Dragon Halter USX China | -13.61 | |
| Equity | Threadneedle Specialist Investment Funds | -12.84 |
Source: MidLincoln Research
South Africa Inflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.94 | |
| 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 | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.94 |
Source: MidLincoln Research
Korea Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI South Korea Capped ETF is an | 58.12 | |
| Equity | Korea Equity Fund, Inc. is a non-diversified, | 9.71 | |
| Equity | HSBC Global Investment Funds - Korean Equity | 0.79 | |
| Equity | HSBC Global Investment Funds - Korean Equity | 0.15 | |
| Equity | NEXT NOTES F-KOSPI200 Inverse ETN is an Exchange | 0.05 |
Korea Outflows
| assclass | profile | flow USD mln$ | |
| Equity | WisdomTree Korea Hedged Equity Fund is an | -0.22 | |
| Equity | Deutsche X-trackers MSCI South Korea Hedged | -0.19 | |
| Equity | Baring Korea Feeder Fund is an open-end | -0.13 | |
| Equity | Horizons Korea KOSPI 200 ETF is an exchange-traded | -0.04 | |
| Equity | Korea Equity Fund, Inc. is a non-diversified, | -0.03 |
Source: MidLincoln Research
India Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Morgan Stanley India Investment Fund, Inc. | 54.57 | |
| Equity | HSBC Global Investment Funds - Indian Equity | 40.54 | |
| Equity | iShares MSCI India ETF is an exchange-traded | 5.58 | |
| Equity | Fidelity India Securities Feeder Investment | 0.48 | |
| Equity | Fidelity India Equity Fund is an open-end | 0.22 |
India Outflows
| assclass | profile | flow USD mln$ | |
| Equity | WisdomTree India Earnings Fund is an exchange-traded | -31.68 | |
| Equity | HSBC Global Investment Funds - Indian Equity | -4.07 | |
| Equity | The iShares MSCI India Small-Cap ETF is an | -3.59 | |
| Equity | iPath MSCI India Index ETN is an exchange-traded | -1.87 | |
| Equity | iShares India 50 ETF is an exchange-traded | -1.82 |
Source: MidLincoln Research
Turkey Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | 9.44 |
Turkey Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | 9.44 |
Source: MidLincoln Research
Brazil Inflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS Ibovespa Linked Exchange Traded | 0.42 | |
| Equity | ProShares UltraShort MSCI Brazil Capped is short | 0.14 | |
| Equity | Mirae Asset Brazil Industry Representative | 0.09 | |
| Equity | KB Brazil Securities Feeder Investment | 0.04 | |
| Equity | Mirae Asset Brazil Industry Representative | 0.02 |
Brazil Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Shinhan BNP Bonjour Brazil Investment Trust | -0.80 | |
| Equity | iShares MSCI Brazil Index ETF is an exchange-traded | -0.30 | |
| Fixed Income | Santander FIC FI Renda Fixa I Credito Privado | -0.21 | |
| Equity | SH BNPP Bonjour Great Emerging Securities | -0.11 | |
| Equity | KDB Samba Brazil Securities Feeder Investment | -0.04 |
Source: MidLincoln Research
Australia Inflows
| assclass | profile | flow USD mln$ | |
| Equity | UBS (Lux) Equity Fund - Australia (AUD) is | 51.41 | |
| Equity | Baring International Umbrella - Baring Australia | 6.68 | |
| Equity | Baring International Umbrella - Baring Australia | 4.61 | |
| Equity | Baring International Umbrella - Baring | 1.79 | |
| Equity | WisdomTree Australia Dividend Fund is an | 0.25 |
Australia Outflows
| assclass | profile | flow USD mln$ | |
| Fixed Income | -1.54 | ||
| Equity | UBS (Lux) Equity Fund - Australia (AUD) | -1.19 | |
| Equity | Australia Equity Income Fund is an open-end | -0.78 | |
| Fixed Income | Daiwa Bond Fund Series - Monthly Dividend | -0.67 | |
| Mixed Allocation | Commonwealth Australia/New Zealand Fund | -0.18 |
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