Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | 0.06 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | -47.69 | |
| country | AUSTRALIA | Equity | -8.18 | |
| country | AUSTRALIA | Fixed Income | -0.24 | |
| country | AUSTRALIA | Mixed Allocation | 0.01 | |
| country | BRAZIL | Equity | -21.75 | |
| country | BRAZIL | Fixed Income | 0.73 | |
| country | CHINA | Equity | -105.73 | |
| country | CHINA | Fixed Income | -0.22 | |
| country | INDIA | Equity | 150.89 | |
| country | INDIA | Fixed Income | 11.36 | |
| country | ISRAEL | Equity | 0.01 | |
| country | JAPAN | Equity | 13133.28 | |
| country | JAPAN | Mixed Allocation | 3612.98 | |
| country | KOREA | Equity | 76.49 | |
| country | POLAND | Equity | 1.07 | |
| country | RUSSIA | Equity | 85.81 | |
| country | RUSSIA | Fixed Income | 31.33 | |
| country | SOUTH AFRICA | Equity | 3.39 | |
| country | SPAIN | Equity | 0.28 | |
| country | TURKEY | Equity | 0.82 | |
| country | UNITED KINGDOM | Equity | -15.35 | |
| industry | BASIC MATERIALS SECTOR | Equity | -37.07 | |
| industry | COMMUNICATIONS SECTOR | Equity | -128.41 | |
| industry | ENERGY SECTOR | Equity | 1836.47 | |
| industry | FINANCIAL SECTOR | Equity | -24.03 | |
| industry | HEALTH CARE SECTOR | Equity | 93.65 | |
| industry | INDUSTRIAL SECTOR | Equity | 9.52 | |
| industry | NATURAL RESOURCES SECTOR | Equity | 4.53 | |
| industry | REAL ESTATE SECTOR | Equity | -236.73 | |
| industry | TECHNOLOGY SECTOR | Equity | -25.24 | |
| industry | UTILITIES SECTOR | Equity | 39.55 | |
| region | AFRICAN REGION | Equity | -23.79 | |
| region | AFRICAN REGION | Fixed Income | -0.04 | |
| region | ASIAN PACIFIC REGION | Equity | -41.45 | |
| region | ASIAN PACIFIC REGION | Fixed Income | 4.09 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | 312.74 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | 0.80 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Mixed Allocation | 0.00 | |
| region | EASTERN EUROPEAN REGION | Equity | -97.33 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | -0.67 | |
| region | EUROPEAN REGION | Equity | 5149.17 | |
| region | EUROPEAN REGION | Fixed Income | 684.25 | |
| region | LATIN AMERICAN REGION | Equity | -37.33 | |
| region | LATIN AMERICAN REGION | Fixed Income | 5.45 | |
| region | MIDDLE EAST REGION | Equity | -0.07 | |
| region | NORDIC REGION | Equity | -12.90 | |
| region | NORTH AMERICAN REGION | Equity | -84.46 | |
| region | NORTH AMERICAN REGION | Fixed Income | -0.54 | |
| Risk | GOVERNMENT BOND | Fixed Income | 89.78 | |
| Risk | INFLATION PROTECTED | Fixed Income | -133.27 | |
| Risk | LONG SHORT | Alternative | -13.55 | |
| Risk | LONG SHORT | Equity | 3685.70 | |
| segment | BRIC | Equity | -3.90 | |
| segment | BRIC | Fixed Income | -0.58 | |
| segment | DEVELOPED MARKETS | Equity | 692.63 | |
| segment | EMEA | Equity | -0.12 | |
| segment | EMERGING MARKETS | Equity | 564.78 | |
| segment | GCC | Equity | -0.26 | |
| segment | MENA | Equity | -0.63 | |
| segment | MENA | Fixed Income | 0.34 | |
| Size | LARGE-CAP | Equity | -299.44 | |
| Size | MID-CAP | Equity | 134.93 | |
| Size | SMALL-CAP | Equity | -10.11 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed 564.8 USD mn of inflow. While Frontier Markets funds showed 209.5 USD mn of inflows.
BRAZIL Equity funds showed -21.8 USD mn of outflow.
BRAZIL Fixed Income funds showed 0.7 USD mn of inflow.
CHINA Equity funds showed -105.7 USD mn of outflow.
CHINA Fixed Income funds showed -0.2 USD mn of outflow.
INDIA Equity funds showed 150.9 USD mn of inflow.
INDIA Fixed Income funds showed 11.4 USD mn of inflow.
KOREA Equity funds showed 76.5 USD mn of inflow.
RUSSIA Equity funds showed 85.8 USD mn of inflow.
RUSSIA Fixed Income funds showed 31.3 USD mn of inflow.
SOUTH AFRICA Equity funds showed 3.4 USD mn of inflow.
TURKEY Equity funds showed 0.8 USD mn of inflow.
COMMUNICATIONS SECTOR Equity funds showed -128.4 USD mn of outflow.
ENERGY SECTOR Equity funds showed 1836.5 USD mn of inflow.
FINANCIAL SECTOR Equity funds showed -24.0 USD mn of outflow.
REAL ESTATE SECTOR Equity funds showed -236.7 USD mn of outflow.
TECHNOLOGY SECTOR Equity funds showed -25.2 USD mn of outflow.
UTILITIES SECTOR Equity funds showed 39.5 USD mn of inflow.
LONG SHORT Alternative funds showed -13.6 USD mn of outflow.
LONG SHORT Equity funds showed 3685.7 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 | iShares MSCI Russia Capped ETF is an exchange-traded | 99.99 | |
| Fixed Income | OPEN-END FUND | DWS Russia Bond Fund is a "specialized" | 23.68 | |
| Equity | ETF | Market Vectors Russia ETF is an exchange-traded | 13.50 | |
| Equity | OPEN-END FUND | JPMorgan Russia Sec urities Feeder Investment | 5.69 | |
| Equity | OPEN-END FUND | JPMorgan Russia Securities Feeder Investment | 5.67 |
Russia Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Shinhan BNPP The Dream Russia Equity Investment | -99.99 | |
| Equity | OPEN-END FUND | SEB Fund 2 - SEB Russia Fund is an FPC investment | -56.91 | |
| Equity | ETF | Direxion Daily Russia Bull 3x Shares is an | -7.77 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Russia Equity | -6.84 | |
| Equity | ETF | Direxion Daily Russia Bear 3x Shares is an | -4.67 |
Source: MidLincoln Research
China Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | CSOP FTSE China A50 ETF is an exchange-traded | 99.99 | |
| Equity | OPEN-END FUND | KB China Mainland A Shares Securities Feeder | 32.55 | |
| Equity | ETF | Hang Seng Investment Index Funds Series - | 26.24 | |
| Equity | OPEN-END FUND | Eastspring China Dragon A Share Securities | 21.91 | |
| Equity | OPEN-END FUND | Shinhan BNPP China Mainland Securities | 21.04 |
China Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | Guggenheim China All-Cap ETF is an exchange-tra 0000183C ded | ||
| Equity | ETF | ProShares Short FTSE /Xinhua China 50 short | ||
| Equity | ETF | CSOP Source FTSE China A50 UCITS ETF is an | -99.99 | |
| Equity | ETF | CSOP Source FTSE China A50 UCITS ETF is an | -99.99 | |
| Equity | OPEN-END FUND | PineBridge Global Select Funds - China | -62.71 |
Source: MidLincoln Research
South Africa Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is 000031C8 an | 1.87 | |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | 1.60 | |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 | |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.00 | |
| Equity | ETF | iShares MSCI South Africa - B UCITS ETF is | 0.00 |
South Africa Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | -0.07 | |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 | |
| Equity | ETF | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 0.00 | |
| Equity | ETF | iShares MSCI South Africa - B UCITS ETF is | 0.00 | |
| Equity | ETF | iShares MSCI South Africa - B UCITS ETF is | 0.00 |
Source: MidLincoln Research
Korea Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | Deutsche X-trackers MSCI South Korea Hedged | 59.18 | |
| Equity | ETF | iShares MSCI South Korea Capped ETF is an | 18.44 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | 1.14 | |
| Equity | ETF | iShares MSCI Korea UCITS ETF (Acc) is an | 0.20 | |
| Equity | OPEN-END FUND | INVESCO Korean Equity Fund is a UCITS certified | 0.11 |
Korea Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | Value Korea ETF is an exchange-traded fund | -80.98 | |
| Equity | ETF | iShares MSCI Korea UCITS ETF (Dist) is an | -3.92 | |
| Equity | OPEN-END FUND | KIM Investment Funds - Korea Value Fund | -2.65 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | -2.55 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Korean Equity | -1.60 |
Source: MidLincoln Research
India Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | GS India Equity Portfolio is a Portfolio | 99.99 | |
| Equity | ETF | iShares MSCI India ETF is an exchange-traded | 34.38 | |
| Fixed Income | OPEN-END FUND | UTI Indian Fixed Income Fund PLC is an | 22.33 | |
| Equity | OPEN-END FUND | Kotak Funds - India Midcap Fund is a SICAV | 14.38 | |
| Equity | ETF | iShares India 50 ETF is an exchange-traded | 9.06 |
India Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Pictet - Indian Equities is an open-end fund | -57.12 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | -13.40 | |
| Equity | OPEN-END FUND | Vontobel India Fund is an open-end fund | -9.77 | |
| Equity | OPEN-END FUND | JPMorgan Funds - India Fund is an open-end | -8.03 | |
| Equity | OPEN-END FUND | Jupiter India Fund is an authorised Unit | -3.15 |
Source: MidLincoln Research
Turkey Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | 2.00 | |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | -1.17 |
Turkey Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | -1.17 | |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | 2.00 |
Source: MidLincoln Research
Brazil Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Brazil Capped ETF is an exchange-traded | 9.88 | |
| Equity | ETF | ProShares Ultra MSCI Brazil Capped is an | 5.27 | |
| Equity | ETF | ProShares UltraShort MSCI Brazil Capped is short | 4.13 | |
| Fixed Income | OPEN-END FUND | HSBC Global Investment Funds - Brazil Bond | 2.81 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Brazil Equity | 2.28 |
Brazil Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | ProShares UltraShort MSCI Brazil Capped is short | ||
| Equity | ETF | iShares MSCI Brazil UCITS ETF (Acc) is an | -31.80 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Brazil Equity is an open-end | -4.15 | |
| Equity | ETF | iShares MSCI Brazil UCITS ETF (Dist) is an | -3.93 | |
| Equity | ETF | First Trust Brazil AlphaDEX Fund is an exchange-traded | -2.83 |
Source: MidLincoln Research
Australia Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Australia UCITS ETF is an open-end, | 9.30 | |
| Equity | ETF | iShares MSCI Australia ETF is an exchange-traded | 8.90 | |
| Equity | OPEN-END FUND | Australia Equity Income Fund is an open-end | 1.69 | |
| Fixed Income | OPEN-END FUND | 1.02 | ||
| Equity | OPEN-END FUND | UBS (Lux) Equity Fund - Australia (AUD) | 0.45 |
Australia Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring | -6.52 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring | -6.51 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring | -6.30 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring Australia | -4.96 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring | -4.65 |
Source: MidLincoln Research
Canada Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | 33.01 | |
| 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 | 0.00 | |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | -20.16 |
Canada Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | -20.16 | |
| 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 | 0.00 | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | 33.01 |
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