Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | 0.47 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | 43.83 | |
| country | AUSTRALIA | Equity | 7.16 | |
| country | AUSTRALIA | Fixed Income | -1.21 | |
| country | AUSTRALIA | Mixed Allocation | -0.05 | |
| country | BRAZIL | Equity | 2.95 | |
| country | BRAZIL | Fixed Income | -1.21 | |
| country | CHINA | Equity | -195.08 | |
| country | CHINA | Fixed Income | -0.13 | |
| country | INDIA | Equity | 166.25 | |
| country | INDIA | Fixed Income | 5.79 | |
| country | ISRAEL | Equity | -0.01 | |
| country | JAPAN | Equity | 60088.53 | |
| country | JAPAN | Mixed Allocation | 2749.09 | |
| country | KOREA | Equity | -1.77 | |
| country | KOREA | Fixed Income | 0.00 | |
| country | POLAND | Equity | -0.10 | |
| country | RUSSIA | Equity | 114.53 | |
| country | RUSSIA | Fixed Income | 13.64 | |
| country | SOUTH AFRICA | Equity | -0.03 | |
| country | SPAIN | Equity | 45.01 | |
| country | TURKEY | Equity | -0.04 | |
| country | UNITED KINGDOM | Equity | -44.33 | |
| industry | BASIC MATERIALS SECTOR | Equity | -5.07 | |
| industry | COMMUNICATIONS SECTOR | Equity | 36.01 | |
| industry | ENERGY SECTOR | Equity | -981.48 | |
| industry | FINANCIAL SECTOR | Equity | 159.66 | |
| industry | HEALTH CARE SECTOR | Equity | 167.60 | |
| industry | INDUSTRIAL SECTOR | Equity | -6.02 | |
| industry | NATURAL RESOURCES SECTOR | Equity | 37.36 | |
| industry | REAL ESTATE SECTOR | Equity | 91.33 | |
| industry | TECHNOLOGY SECTOR | Equity | -1031.44 | |
| industry | UTILITIES SECTOR | Equity | 58.18 | |
| region | AFRICAN REGION | Equity | -5.89 | |
| region | AFRICAN REGION | Fixed Income | -0.03 | |
| region | ASIAN PACIFIC REGION | Alternative | -0.53 | |
| region | ASIAN PACIFIC REGION | Equity | -53.67 | |
| region | ASIAN PACIFIC REGION | Fixed Income | 39.23 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | 87.27 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | 0.09 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Mixed Allocation | 0.00 | |
| region | EASTERN EUROPEAN REGION | Equity | -15.97 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | 0.21 | |
| region | EUROPEAN REGION | Equity | 1545.05 | |
| region | EUROPEAN REGION | Fixed Income | 628.46 | |
| region | LATIN AMERICAN REGION | Equity | -13.02 | |
| region | LATIN AMERICAN REGION | Fixed Income | 85.26 | |
| region | MIDDLE EAST REGION | Equity | -0.08 | |
| region | NORDIC REGION | Equity | -47.93 | |
| region | NORTH AMERICAN REGION | Equity | -7.94 | |
| region | NORTH AMERICAN REGION | Fixed Income | -0.15 | |
| Risk | GOVERNMENT BOND | Fixed Income | -14.48 | |
| Risk | INFLATION PROTECTED | Fixed Income | -45.81 | |
| Risk | LONG SHORT | Alternative | 8.56 | |
| Risk | LONG SHORT | Equity | 3746.69 | |
| segment | BRIC | Equity | -5.67 | |
| segment | BRIC | Fixed Income | 0.18 | |
| segment | DEVELOPED MARKETS | Equity | 160.78 | |
| segment | EMEA | Equity | -0.07 | |
| segment | EMERGING MARKETS | Equity | 36.95 | |
| segment | GCC | Equity | -0.30 | |
| segment | MENA | Equity | -0.74 | |
| segment | MENA | Fixed Income | 2.40 | |
| Size | LARGE-CAP | Equity | -4131.05 | |
| Size | MID-CAP | Equity | 5809.93 | |
| Size | SMALL-CAP | Equity | 104.52 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed 36.9 USD mn of inflow. While Frontier Markets funds showed 0.0 USD mn of inflows.
BRAZIL Equity funds showed 3.0 USD mn of inflow.
BRAZIL Fixed Income funds showed -1.2 USD mn of outflow.
CHINA Equity funds showed -195.1 USD mn of outflow.
CHINA Fixed Income funds showed -0.1 USD mn of outflow.
INDIA Equity funds showed 166.2 USD mn of inflow.
INDIA Fixed Income funds showed 5.8 USD mn of inflow.
KOREA Equity funds showed -1.8 USD mn of outflow.
KOREA Fixed Income funds showed 0.0 USD mn of inflow.
RUSSIA Equity funds showed 114.5 USD mn of inflow.
RUSSIA Fixed Income funds showed 13.6 USD mn of inflow.
SOUTH AFRICA Equity funds showed 0.0 USD mn of inflow.
TURKEY Equity funds showed 0.0 USD mn of inflow.
COMMUNICATIONS SECTOR Equity funds showed 36.0 USD mn of inflow.
ENERGY SECTOR Equity funds showed -981.5 USD mn of outflow.
FINANCIAL SECTOR Equity funds showed 159.7 USD mn of inflow.
REAL ESTATE SECTOR Equity funds showed 91.3 USD mn of inflow.
TECHNOLOGY SECTOR Equity funds showed -1031.4 USD mn of outflow.
UTILITIES SECTOR Equity funds showed 58.2 USD mn of inflow.
LONG SHORT Alternative funds showed 8.6 USD mn of inflow.
LONG SHORT Equity funds showed 3746.7 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 | Type | profile | flow USD mln$ | |
| Equity | ETF | Market Vectors Russia ETF is an exchange-traded | 34.29 | |
| Equity | OPEN-END FUND | SEB Fund 2 - SEB Russia Fund is an FPC | 16.02 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Russia Fund is an open-end | 14.27 | |
| Fixed Income | OPEN-END FUND | DWS Russia Bond Fund is a "specialized" | 9.56 | |
| Equity | OPEN-END FUND | SEB Fund 2 - SEB Russia Fund is an FPC investment | 8.32 |
Russia Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Russia Equity | -8.52 | |
| Equity | ETF | iShares MSCI Russia Capped ETF is an exchange-traded | -0.01 | |
| Equity | ETF | NEXT FUNDS Russia RTS Linked Exchange Traded | 0.00 | |
| Equity | ETF | NEXT FUNDS Russia RTS Linked Exchange Traded | 0.00 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Russia Fund is an open-end | 0.00 |
Source: MidLincoln Research
China Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | First Trust ISE Chindia Index Fund is an | 4.62 | |
| Equity | OPEN-END FUND | Direxion Monthly China Bull 2x Fund is | 2.03 | |
| Equity | ETF | Direxion Daily FTSE China Bull 3X Shares | 1.98 | |
| Equity | FUND OF FUNDS | TMB China Equity Index Fund is an open-end | 0.44 | |
| Equity | FUND OF FUNDS | Krungsri China Equity Fund is an open-end | 0.35 |
China Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Baring Investment Funds - China Select Fund | ||
| Equity | FUND OF FUNDS | TISCO China H-Shares Equity Fund is a fund | ||
| Equity | OPEN-END FUND | INVESCO PRC Equity Fund is a UCITS certified | -99.99 | |
| Equity | OPEN-END FUND | INVESCO PRC Equity Fund is a UCITS certified | -46.22 | |
| Equity | OPEN-END FUND | First State Global Umbrella PLC - China | -21.08 |
Source: MidLincoln Research
South Africa Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.01 | |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.01 | |
| Equity | ETF | iShares MSCI South Africa - B UCITS ETF is | 0.00 | |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | -0.01 | |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | -0.04 |
South Africa Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | -0.04 | |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | -0.01 | |
| Equity | ETF | iShares MSCI South Africa - B UCITS ETF is | 0.00 | |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.01 | |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.01 |
Source: MidLincoln Research
Korea Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | FUND OF FUNDS | Baring Korea Feeder Fund is an open-end | 0.77 | |
| Equity | CLOSED-END FUND | Korea Equity Fund, Inc. is a non-diversified, | 0.06 | |
| Equity | CLOSED-END FUND | Korea Equity Fund, Inc. is a non-diversified, | 0.03 | |
| Equity | ETF | Deutsche X-trackers MSCI South Korea Hedged | 0.00 | |
| Equity | ETF | WisdomTree Korea Hedged Equity Fund is an | 0.00 |
Korea Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI South Korea Capped ETF is an | -1.61 | |
| Equity | OPEN-END FUND | INVESCO Korean Equity Fund is a UCITS certified | -0.87 | |
| Equity | OPEN-END FUND | INVESCO Korean Equity Fund is a UCITS certified | -0.12 | |
| Equity | OPEN-END FUND | -0.02 | ||
| Equity | ETF | Deutsche X-trackers MSCI South Korea Hedged | 0.00 |
Source: MidLincoln Research
India Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Invesco Funds SICAV - India Equity Fund | 46.11 | |
| Equity | OPEN-END FUND | GS India Equity Portfolio is a Portfolio | 41.41 | |
| Equity | ETF | WisdomTree India Earnings Fund is an exchange-traded | 14.21 | |
| Equity | ETF | iShares MSCI India ETF is an exchange-traded | 13.17 | |
| Equity | OPEN-END FUND | Pictet - Indian Equities is an open-end | 11.99 |
India Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | EGShares India Small Cap Fund is an exchange-traded | ||
| Equity | ETF | Direxion Daily India Bull 3X Shares is an | ||
| Equity | OPEN-END FUND | Danske Invest - India is an open-end investment | -1.42 | |
| Equity | OPEN-END FUND | Morgan Stanley Investment Funds - Indian | -0.77 | |
| Fixed Income | OPEN-END FUND | Kotak Funds - India Fixed Income Fund is | -0.59 |
Source: MidLincoln Research
Turkey Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | 0.00 | |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | -0.04 |
Turkey Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | -0.04 | |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | 0.00 |
Source: MidLincoln Research
Brazil Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Brazil UCITS ETF (Dist) is an | 17.46 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Brazil Equity is an | 2.06 | |
| Fixed Income | OPEN-END FUND | HSBC Global Investment Funds - Brazil Bond | 0.94 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Brazil Equity is an open-end | 0.90 | |
| Equity | ETF | iShares MSCI Brazil Small-Cap ETF is an exchange-traded | 0.60 |
Brazil Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Brazil Capped ETF is an exchange-traded | -6.86 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Brazil Equity | -5.25 | |
| Equity | ETF | ProShares UltraShort MSCI Brazil Capped is short | -4.28 | |
| Fixed Income | OPEN-END FUND | DWS Brazil Bond Fund is an open-end investment | -1.96 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Brazil Equity | -0.53 |
Source: MidLincoln Research
Australia Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Australia ETF is an exchange-traded | 8.80 | |
| Equity | ETF | iShares MSCI Australia UCITS ETF is an open-end, | 4.73 | |
| Equity | ETF | WisdomTree Australia Dividend Fund is an | 0.00 | |
| Equity | ETF | iShares MSCI Australia - B UCITS ETF is an | 0.00 | |
| Equity | ETF | iShares MSCI Australia Small-Cap ETF is an | 0.00 |
Australia Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Australia Equity Income Fund is an open-end | -3.08 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring | -1.91 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring Australia | -1.45 | |
| Equity | OPEN-END FUND | UBS (Lux) Equity Fund - Australia (AUD) | -1.39 | |
| Fixed Income | OPEN-END FUND | -0.49 |
Source: MidLincoln Research
Canada Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | 0.00 | |
| Equity | ETF | iShares MSCI Canada Small-Cap ETF is an exchange-traded | 0.00 | |
| Equity | ETF | First Trust Canada AlphaDEX Fund is an exchange-traded | -4.54 | |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | -11.30 | |
| Equity | ETF |
Canada Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | |||
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | -11.30 | |
| Equity | ETF | First Trust Canada AlphaDEX Fund is an exchange-traded | -4.54 | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | 0.00 | |
| Equity | ETF | iShares MSCI Canada Small-Cap ETF is an exchange-traded | 0.00 |
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