Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | -11.75 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | 123.55 | |
| Commodities | PRECIOUS METALS | Commodity | -95.12 | |
| Commodities | PRECIOUS METALS | Mixed Allocation | -0.10 | |
| country | AUSTRALIA | Equity | -0.61 | |
| country | AUSTRALIA | Fixed Income | -1.60 | |
| country | AUSTRALIA | Mixed Allocation | -0.35 | |
| country | BRAZIL | Equity | 1.79 | |
| country | BRAZIL | Fixed Income | -1303.87 | |
| country | CHINA | Equity | -433.56 | |
| country | CHINA | Fixed Income | -94.10 | |
| country | INDIA | Equity | -281.78 | |
| country | INDIA | Fixed Income | -8.21 | |
| country | ISRAEL | Equity | 0.18 | |
| country | JAPAN | Equity | 72391.80 | |
| country | JAPAN | Fixed Income | 1518.54 | |
| country | KOREA | Equity | -18.97 | |
| country | POLAND | Equity | 2.08 | |
| country | RUSSIA | Equity | 36.60 | |
| country | RUSSIA | Fixed Income | -0.02 | |
| country | SOUTH AFRICA | Equity | 0.98 | |
| country | SPAIN | Equity | -38.15 | |
| Country | TAIWAN | Equity | -3.63 | |
| country | TURKEY | Equity | 0.84 | |
| country | UNITED KINGDOM | Equity | 71.66 | |
| industry | BASIC MATERIALS SECTOR | Equity | 11.79 | |
| industry | COMMUNICATIONS SECTOR | Equity | 24.22 | |
| industry | ENERGY SECTOR | Equity | 593.97 | |
| industry | FINANCIAL SECTOR | Equity | 1.71 | |
| industry | HEALTH CARE SECTOR | Equity | -154.76 | |
| industry | INDUSTRIAL SECTOR | Equity | -9.36 | |
| industry | NATURAL RESOURCES SECTOR | Equity | -88.45 | |
| industry | REAL ESTATE SECTOR | Alternative | -0.46 | |
| industry | REAL ESTATE SECTOR | Equity | 360.09 | |
| industry | TECHNOLOGY SECTOR | Equity | -18.58 | |
| industry | UTILITIES SECTOR | Equity | 285.70 | |
| region | AFRICAN REGION | Equity | -4.56 | |
| region | ASIAN PACIFIC REGION | Equity | 276.57 | |
| region | ASIAN PACIFIC REGION | Fixed Income | -15.51 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | -562.87 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | 30.95 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Mixed Allocation | 0.22 | |
| region | EASTERN EUROPEAN REGION | Equity | 11.45 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | -0.14 | |
| region | EUROPEAN REGION | Equity | -1942.36 | |
| region | EUROPEAN REGION | Fixed Income | -416.87 | |
| region | EUROPEAN REGION | Mixed Allocation | 0.00 | |
| region | LATIN AMERICAN REGION | Equity | -74.50 | |
| region | LATIN AMERICAN REGION | Fixed Income | -1733.20 | |
| region | MIDDLE EAST REGION | Equity | 0.09 | |
| region | MIDDLE EAST REGION | Fixed Income | -1.04 | |
| region | NORDIC REGION | Equity | -5.13 | |
| region | NORTH AMERICAN REGION | Equity | -52.44 | |
| region | NORTH AMERICAN REGION | Fixed Income | -0.30 | |
| Risk | GOVERNMENT BOND | Fixed Income | 318.42 | |
| Risk | GOVERNMENT BOND | Mixed Allocation | -0.05 | |
| Risk | INFLATION PROTECTED | Fixed Income | -150.09 | |
| Risk | LONG SHORT | Alternative | -77.44 | |
| Risk | LONG SHORT | Equity | 19509.69 | |
| Risk | LONG SHORT | Fixed Income | -2.41 | |
| Risk | LONG SHORT | Mixed Allocation | 0.00 | |
| Sector | AGRICULTURE | Commodity | -2.74 | |
| Sector | AGRICULTURE | Equity | -0.06 | |
| Sector | CONSUMER DISCRETIONARY | Equity | -72.45 | |
| Sector | CONSUMER STAPLES | Equity | 47.86 | |
| segment | BRIC | Equity | -12.27 | |
| segment | BRIC | Fixed Income | 0.17 | |
| segment | DEVELOPED MARKETS | Equity | 870.46 | |
| segment | EMEA | Equity | 0.46 | |
| segment | EMEA | Fixed Income | 0.49 | |
| segment | EMERGING MARKETS | Equity | -1092.65 | |
| segment | GCC | Equity | 10.68 | |
| segment | GCC | Mixed Allocation | 0.00 | |
| segment | MENA | Equity | -8.19 | |
| segment | MENA | Fixed Income | -8.52 | |
| Size | LARGE-CAP | Equity | 2273.98 | |
| Size | MID-CAP | Equity | -2896.33 | |
| Size | SMALL-CAP | Equity | -662.09 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed -1092.7 USD mn of outflow.. While Frontier Markets funds showed 0.0 USD mn of inflows.
BRAZIL Equity funds showed 1.8 USD mn of inflow.
BRAZIL Fixed Income funds showed -1303.9 USD mn of outflow.
CHINA Equity funds showed -433.6 USD mn of outflow.
CHINA Fixed Income funds showed -94.1 USD mn of outflow.
INDIA Equity funds showed -281.8 USD mn of outflow.
INDIA Fixed Income funds showed -8.2 USD mn of outflow.
KOREA Equity funds showed -19.0 USD mn of outflow.
RUSSIA Equity funds showed 36.6 USD mn of inflow.
RUSSIA Fixed Income funds showed 0.0 USD mn of inflow.
SOUTH AFRICA Equity funds showed 1.0 USD mn of inflow.
TURKEY Equity funds showed 0.8 USD mn of inflow.
COMMUNICATIONS SECTOR Equity funds showed 24.2 USD mn of inflow.
ENERGY SECTOR Equity funds showed 594.0 USD mn of inflow.
FINANCIAL SECTOR Equity funds showed 1.7 USD mn of inflow.
REAL ESTATE SECTOR Alternative funds showed -0.5 USD mn of outflow.
REAL ESTATE SECTOR Equity funds showed 360.1 USD mn of inflow.
TECHNOLOGY SECTOR Equity funds showed -18.6 USD mn of outflow.
UTILITIES SECTOR Equity funds showed 285.7 USD mn of inflow.
LONG SHORT Alternative funds showed -77.4 USD mn of outflow.
LONG SHORT Equity funds showed 19509.7 USD mn of inflow.
LONG SHORT Fixed Income funds showed -2.4 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 | iShares MSCI Russi a ADR/GDR UCITS ETF | 19.28 | |
| Equity | Market Vectors Russia ETF is an exchange-traded | 11.38 | |
| Equity | East Capital Lux - Russian Fund is an open-end | 5.01 | |
| Equity | HSBC Global Investment Funds - Russia Equity | 2.25 | |
| Equity | SEB Fund 2 - SEB Russia Fund is an FPC | 1.62 |
Russia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | HSBC Global Investment Funds - Russia Equity | -2.15 | |
| Equity | JPMorgan Funds - Russia Fund is an open-end | -1.45 | |
| Equity | JPMorgan Funds - Russia Fund is an open-end | -1.33 | |
| Equity | Raiffeisen-Russland-Aktien is an open end | -1.17 | |
| Equity | Shinhan BNPP The Dream Russia Equity Investment | -0.55 |
Source: MidLincoln Research
China Inflows
| assclass | profile | flow USD mln$ | |
| Equity | INVESCO PRC Equity Fund is a UCITS certified | 82.42 | |
| Equity | CSOP FTSE China A50 ETF is an exchange-traded | 45.99 | |
| Equity | W.I.S.E. - CSI 300 China Tracker� is an index-tracking | 17.10 | |
| Equity | Fubon SSE 180 Index ETF is an exchange-traded | 12.95 | |
| Equity | W.I.S.E. Yuanta/P-shares CSI 300 ETF is an | 10.70 |
China Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares China Large-Cap ETF is an exchange-traded | -99.99 | |
| Equity | UBS (Lux) Equity Fund - China Opportunity | -99.99 | |
| Equity | HSBC Global Investment Funds - Chinese Equity | -55.05 | |
| Equity | Hang Seng Investment Index Funds Series - | -48.99 | |
| Equity | HSBC Global Investment Funds - Chinese | -32.77 |
Source: MidLincoln Research
South Africa Inflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.74 | |
| Equity | iShares MSCI South Africa UCITS ETF is an | 0.24 | |
| 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 | iShares MSCI South Africa UCITS ETF is an | 0.24 | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.74 |
Source: MidLincoln Research
Korea Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Korea Equity Fund, Inc. is a non-diversified, | 8.55 | |
| Equity | INVESCO Korean Equity Fund is a UCITS | 6.76 | |
| Equity | INVESCO Korean Equity Fund is a UCITS certified | 6.74 | |
| Equity | KIM Investment Funds - Korea Navigator | 3.04 | |
| Equity | First Trust South Korea AlphaDEX Fund is | 0.18 |
Korea Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI South Korea Capped ETF is an | -34.88 | |
| Equity | Lyxor ETF MSCI Korea is a UCITS compliant | -4.05 | |
| Equity | JPMorgan Funds - Korea Equity is an open-end | -3.11 | |
| Equity | HSBC Global Investment Funds - Korean Equity | -1.20 | |
| Equity | KIM Investment Funds - Korea Value Fund | -0.44 |
Source: MidLincoln Research
India Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Morgan Stanley India Investment Fund, Inc. | 56.41 | |
| Equity | AllianceBernstein - India Growth Portfolio | 14.39 | |
| Equity | GS India Equity Portfolio is a Portfolio | 12.88 | |
| Equity | Edmond De Rothschild India is an open-end | 12.83 | |
| Equity | Edmond De Rothschild India is an open-end | 12.78 |
India Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI India ETF is an exchange-traded | -99.99 | |
| Equity | HSBC Global Investment Funds - Indian Equity | -78.60 | |
| Equity | The Lyxor ETF MSCI India is a UCITS compliant | -60.57 | |
| Equity | Invesco Funds SICAV - India Equity Fund is | -29.14 | |
| Equity | iShares India 50 ETF is an exchange-traded | -27.08 |
Source: MidLincoln Research
Turkey Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | 1.00 | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | -0.16 |
Turkey Outflows
| assclass | profile | flow USD mln$ | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | -0.16 | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | 1.00 |
Source: MidLincoln Research
Brazil Inflows
| assclass | profile | flow USD mln$ | |
| Equity | db x-trackers - MSCI Brazil TRN Index UCITS | 1.34 | |
| Fixed Income | HSBC Global Investment Funds - Brazil Bond | 1.13 | |
| Equity | iShares MSCI Brazil UCITS ETF (Acc) is an | 0.83 | |
| Equity | Bradesco Global Funds - Brazilian Equities | 0.57 | |
| Equity | AMUNDI ETF MSCI BRAZIL is an exchange-traded | 0.47 |
Brazil Outflows
| 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 | -1.62 | |
| Fixed Income | Santander FIC FI Renda Fixa I Credito Privado | -1.13 | |
| Equity | Amundi Funds - Equity Brazil is a SICAV | -0.35 | |
| Equity | Fonditalia - Equity Brazil (F33) is an | -0.29 |
Source: MidLincoln Research
Australia Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Baring International Umbrella - Baring Australia | 10.39 | |
| Equity | iShares MSCI Australia UCITS ETF is an open-end, | 3.29 | |
| Equity | Baring International Umbrella - Baring Australia | 2.33 | |
| Equity | Baring International Umbrella - Baring | 1.64 | |
| Equity | Swisscanto AST Avant Aktien Ausland Index | 0.02 |
Australia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Candriam Equities L - Australia is a SICAV | -4.79 | |
| Equity | db x-trackers S&P/ASX 200 UCITS ETF (DR) | -4.77 | |
| Equity | Australia Equity Income Fund is an open-end | -4.11 | |
| Equity | Candriam Equities L - Australia is a SICAV | -4.01 | |
| Fixed Income | -1.62 |
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