Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | 00002D7Commodity | ||
| Commodities | INDUSTRIAL METALS | Commodity | -692.96 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | 1076.55 | |
| country | AUSTRALIA | Equity | 0.26 | |
| country | AUSTRALIA | Fixed Income | ||
| country | AUSTRALIA | Mixed Allocation | -15.69 | |
| country | BRAZIL | Equity | 27.05 | |
| country | BRAZIL | Fixed Income | 51.62 | |
| country | CHINA | 0 | ||
| country | CHINA | Equity | -741.58 | |
| country | CHINA | Fixed Income | -0.14 | |
| country | INDIA | Equity | 845.79 | |
| country | INDIA | Fixed Income | -66.69 | |
| country | ISRAEL | Equity | 0.26 | |
| country | JAPAN | 0 | ||
| country | JAPAN | Equity | 61.71 | |
| country | KOREA | Equity | -562.12 | |
| country | POLAND | Equity | 0.00 | |
| country | RUSSIA | Equity | -528.17 | |
| country | RUSSIA | Fixed Income | ||
| country | SOUTH AFRICA | Equity | 0.00 | |
| country | SPAIN | Equity | 0.00 | |
| country | TURKEY | Equity | 0.00 | |
| country | UNITED KINGDOM | Equity | 16.51 | |
| industry | BASIC MATERIALS SECTOR | Equity | 623.30 | |
| industry | COMMUNICATIONS SECTOR | Equity | -299.82 | |
| industry | ENERGY SECTOR | Equity | 544.53 | |
| industry | FINANCIAL SECTOR | Equity | -359.35 | |
| industry | HEALTH CARE SECTOR | 913Equity | ||
| industry | HEALTH CARE SECTOR | Equity | -807.24 | |
| industry | INDUSTRIAL SECTOR | 0 | -12.52 | |
| industry | INDUSTRIAL SECTOR | Equity | -16.47 | |
| industry | NATURAL RESOURCES SECTOR | Equity | 452.40 | |
| industry | REAL ESTATE SECTOR | Alternative | 0.43 | |
| industry | REAL ESTATE SECTOR | Equity | -2394.64 | |
| industry | TECHNOLOGY SECTOR | 0 | 363.92 | |
| industry | TECHNOLOGY SECTOR | Equity | -467.85 | |
| industry | UTILITIES SECTOR | Equity | -2095.80 | |
| region | AFRICAN REGION | Equity | 60.26 | |
| region | ASIAN PACIFIC REGION | 0 | ||
| region | ASIAN PACIFIC REGION | Equity | -1389.02 | |
| region | ASIAN PACIFIC REGION | Fixed Income | 396.87 | |
| region | ASIAN PACIFIC REGION EX JAPAN | 0 | ||
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | -21.47 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | ||
| region | EASTERN EUROPEAN REGION | Equity | -3.86 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | ||
| region | EUROPEAN REGION | 0 | ||
| region | EUROPEAN REGION | Equity | -1484.49 | |
| region | EUROPEAN REGION | Fixed Income | 0.17 | |
| region | EUROPEAN REGION | Mixed Allocation | ||
| region | LATIN AMERICAN REGION | Equity | -917.64 | |
| region | LATIN AMERICAN REGION | Fixed Income | -630.84 | |
| region | MIDDLE EAST REGION | Equity | 0.47 | |
| region | NORDIC REGION | Equity | 288.91 | |
| region | NORTH AMERICAN REGION | Equity | 348.23 | |
| region | NORTH AMERICAN REGION | Fixed Income | ||
| Risk | GOVERNMENT BOND | Fixed Income | -875.15 | |
| Risk | INFLATION PROTECTED | Fixed Income | -406.50 | |
| Risk | LONG SHORT | Alternative | -3108.54 | |
| Risk | LONG SHORT | Equity | -28.17 | |
| Risk | LONG SHORT | Fixed Income | ||
| segment | BRIC | Equity | 470.47 | |
| segment | BRIC | Fixed Income | ||
| segment | DEVELOPED MARKETS | Equity | -1001.61 | |
| segment | EMEA | Equity | ||
| segment | EMERGING MARKETS | Equity | -613.16 | |
| segment | GCC | Equity | ||
| segment | MENA | Equity | 0.36 | |
| segment | MENA | Fixed Income | 0.00 | |
| Size | LARGE-CAP | Equity | -3489.63 | |
| Size | MID-CAP | Equity | -130.96 | |
| Size | SMALL-CAP | Equity | 231.91 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed -613.2 USD mn of outflow.. While Frontier Markets funds showed 0.0 USD mn of inflows.
BRAZIL Equity funds showed 27.1 USD mn of inflow.
BRAZIL Fixed Income funds showed 51.6 USD mn of inflow.
CHINA 0 funds showed USD mn of inflow.
CHINA Equity funds showed -741.6 USD mn of outflow.
CHINA Fixed Income funds showed -0.1 USD mn of outflow.
INDIA Equity funds showed 845.8 USD mn of inflow.
INDIA Fixed Income funds showed -66.7 USD mn of outflow.
KOREA Equity funds showed -562.1 USD mn of outflow.
RUSSIA Equity funds showed -528.2 USD mn of outflow.
RUSSIA Fixed Income funds showed 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 -299.8 USD mn of outflow.
ENERGY SECTOR Equity funds showed 544.5 USD mn of inflow.
FINANCIAL SECTOR Equity funds showed -359.3 USD mn of outflow.
REAL ESTATE SECTOR Alternative funds showed 0.4 USD mn of inflow.
REAL ESTATE SECTOR Equity funds showed -2394.6 USD mn of outflow.
TECHNOLOGY SECTOR 0 funds showed 363.9 USD mn of inflow.
TECHNOLOGY SECTOR Equity funds showed -467.9 USD mn of outflow.
UTILITIES SECTOR Equity funds showed -2095.8 USD mn of outflow.
LONG SHORT Alternative funds showed -3108.5 USD mn of outflow.
LONG SHORT Equity funds showed -28.2 USD mn of outflow.
LONG SHORT Fixed Income funds showed 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 | JPMorgan Funds - Russia Fund is an open-end | 45.06 | |
| Equity | Direxion Daily Russia Bull 3x Shares is an | 8.34 | |
| Equity | SPDR S&P Russia ETF is an exchange-traded | 0.14 | |
| Equity | World Investment Opportunities Funds - | 0.09 | |
| Equity | iShares MSCI Russia Capped ETF is an exchange-traded | 0.00 |
Russia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS Russia RTS Linked Exchange Traded | ||
| Equity | Shinhan BNPP Bonjour Russia Securities | ||
| Equity | Shinhan BNPP Bonjour Russia Securities | ||
| Equity | NEXT FUNDS Russia RTS Linked Exchange Traded | ||
| Equity | Deutsche DW Russia Securities Master Investment |
Source: MidLincoln Research
China Inflows
| assclass | profile | flow USD mln$ | |
| Equity | ChinaAMC China Opportunities Fund is an | 302.51 | |
| Equity | iShares China Large-Cap ETF is an exchange-traded | 298.04 | |
| Equity | CSOP Source FTSE China A50 UCITS ETF is an | 166.55 | |
| Equity | HSBC Specialist Funds - HSBC China A-Share | 85.68 | |
| Equity | Flexifund - Equity Small Caps China A is | 13.59 |
China Outflows
| assclass | profile | flow USD mln$ | |
| 0 | Hanwha China Mainland Securities Feeder | ||
| Equity | Fuh Hwa CSI 300 A Shares ETF is an exchange-traded | ||
| Equity | SSE50 Index Linked Exchange Traded Fund | ||
| Equity | Shinhan BNPP Bonjour China Opportunity | ||
| Equity | Shinhan BNPP Bonjour China Opportunity |
Source: MidLincoln Research
South Africa Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI South Africa ETF is an exchange-traded | 0.00 | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | ||
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange |
South Africa Outflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | ||
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | ||
| Equity | iShares MSCI South Africa ETF is an exchange-traded | 0.00 |
Source: MidLincoln Research
Korea Inflows
| assclass | profile | flow USD mln$ | |
| Equity | WisdomTree Korea Hedged Equity Fund is an | 3.76 | |
| Equity | Deutsche X-trackers MSCI South Korea Hedged | 0.58 | |
| Equity | KIM Investment Funds - Korea Value Fund | 0.24 | |
| Equity | 0.00 | ||
| Equity | 0.00 |
Korea Outflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT NOTES KOSPI200 Leveraged ETN is an Exchange | ||
| Equity | NEXT NOTES F-KOSPI200 Inverse ETN is an Exchange | ||
| Equity | Value Korea ETF is an exchange-traded fund | ||
| Equity | INVESCO Korean Equity Fund is a UCITS certified | ||
| Equity | HSBC Global Investment Funds - Korean Equity |
Source: MidLincoln Research
India Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares India 50 ETF is an exchange-traded | 835.90 | |
| Equity | Pictet - Indian Equities is an open-end | 249.36 | |
| Equity | Nomura Funds Ireland - India Equity Fund | 57.68 | |
| Equity | Morgan Stanley India Investment Fund, Inc. | 46.73 | |
| Equity | Millennium Investment & Acquisition Co Inc | 6.16 |
India Outflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS CNX Nifty Linked Exchange Traded | ||
| Equity | Nikko Listed Index Fund CNX Nifty Futures | ||
| Equity | Shinhan BNP Paribas Asia 4 Star Equity | ||
| Equity | Shinhan BNPP Bonjour India Securities Master | ||
| Equity | Shinhan BNPP Bonjour India Equity Investment |
Source: MidLincoln Research
Turkey Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Turkey ETF is an exchange-traded | 0.00 |
Turkey Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Turkey ETF is an exchange-traded | 0.00 |
Source: MidLincoln Research
Brazil Inflows
| assclass | profile | flow USD mln$ | |
| Fixed Income | HSBC Global Investment Funds - Brazil Bond | 44.14 | |
| Equity | ProShares UltraShort MSCI Brazil Capped is short | 26.25 | |
| Fixed Income | DWS Brazil Bond Fund is an open-end investment | 7.21 | |
| Equity | Direxion Daily Brazil Bull 3x Shares is an | 2.86 | |
| Equity | JPMorgan Funds - Brazil Equity is an open-end | 1.45 |
Brazil Outflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS Ibovespa Linked Exchange Traded | ||
| Equity | SH BNPP Bonjour Great Emerging Securities | ||
| Equity | Shinhan BNP Bonjour Brazil Investment Trust | ||
| Equity | SH BNPP Bonjour Brazil Securities Feeder | ||
| Equity | Shinhan BNPP The Dream Brazil Equity Investment |
Source: MidLincoln Research
Australia Inflows
| assclass | profile | flow USD mln$ | |
| Equity | WisdomTree Australia Dividend Fund is an | 0.21 | |
| Equity | iShares MSCI Australia Small-Cap ETF is an | 0.03 | |
| Equity | Baring International Umbrella - Baring | 0.02 | |
| Equity | First Trust Australia AlphaDEX Fund is an | 0.01 | |
| Equity | 0.00 |
Australia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Mirae Asset Australia Discovery Securities | ||
| Equity | Baring International Umbrella - Baring Australia | ||
| Equity | Baring International Umbrella - Baring Australia | ||
| Equity | Australia Equity Income Fund is an open-end | ||
| Equity | FinEx MSCI Australia UCITS ETF is an open-end, |
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