Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | -5.95 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | 3.85 | |
| country | AUSTRALIA | Equity | 0.05 | |
| country | AUSTRALIA | Fixed Income | 0.53 | |
| country | BRAZIL | Equity | -15.92 | |
| country | BRAZIL | Fixed Income | 4.15 | |
| country | CHINA | Equity | 36.17 | |
| country | CHINA | Fixed Income | 62.36 | |
| country | INDIA | Equity | 25.87 | |
| country | INDIA | Fixed Income | 15.78 | |
| country | JAPAN | Equity | 5.15 | |
| country | JAPAN | Equity | 47984.70 | |
| country | JAPAN | Equity | 702.19 | |
| country | KOREA | Equity | 142.02 | |
| country | KOREA | Fixed Income | 0.00 | |
| country | POLAND | Equity | -0.63 | |
| country | RUSSIA | Equity | -36.13 | |
| country | RUSSIA | Fixed Income | -7.96 | |
| country | SOUTH AFRICA | Equity | -0.09 | |
| country | TURKEY | Equity | 2.52 | |
| country | UNITED KINGDOM | Equity | 50.53 | |
| industry | BASIC MATERIALS SECTOR | Equity | -12.63 | |
| industry | COMMUNICATIONS SECTOR | Equity | 2.84 | |
| industry | ENERGY SECTOR | Equity | 1.61 | |
| industry | FINANCIAL SECTOR | E quity | -0.01 | |
| industry | FINANCIAL SECTOR | Equity | 12.11 | |
| industry | HEALTH CARE SECTOR | Equity | 188.93 | |
| industry | INDUSTRIAL SECTOR | Equity | -3.11 | |
| industry | NATURAL RESOURCES SECTOR | Equity | -20.01 | |
| industry | REAL ESTATE SECTOR | Equity | -39.50 | |
| industry | REAL ESTATE SECTOR | Equity | 0.00 | |
| industry | TECHNOLOGY SECTOR | Equity | 11.21 | |
| industry | UTILITIES SECTOR | Equity | -36.25 | |
| region | AFRICAN REGION | Equity | -22.34 | |
| region | AFRICAN REGION | Fixed Income | -0.01 | |
| region | ASIAN PACIFIC REGION | Equity | -4.86 | |
| region | ASIAN PACIFIC REGION | Fixed Income | -28.45 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equi ty | -5.01 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | -123.40 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | 0.24 | |
| region | EASTERN EUROPEAN REGION | Equity | -30.44 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | 0.04 | |
| region | EUROPEAN REGION | Equity | -1423.25 | |
| region | EUROPEAN REGION | Fix ed Income | 2.62 | |
| region | EUROPEAN REGION | Fixed Income | 218.64 | |
| region | EUROPEAN REGION | Mixed Allocation | 0.00 | |
| region | LATIN AMERICAN REGION | Eq uity | -0.13 | |
| region | LATIN AMERICAN REGION | Equity | -0.08 | |
| region | LATIN AMERICAN REGION | Equity | -46.87 | |
| region | LATIN AMERICAN REGION | Fixed Income | -0.55 | |
| region | MIDDLE EAST REGION | Equity | -0.13 | |
| region | NORDIC REGION | Equity | 2.87 | |
| region | NORTH AMERICAN REGION | Equity | -95.81 | |
| region | NORTH AMERICAN REGION | Fixed Income | -0.02 | |
| Risk | GOVERNMENT BOND | Fixed Income | -0.01 | |
| Risk | GOVERNMENT BOND | Fixed Income | -1.02 | |
| Risk | INFLATION PROTECTED | Fixed Income | 157.66 | |
| Risk | LONG SHORT | Alternative | 85.81 | |
| Risk | LONG SHORT | Equity | 10849.08 | |
| Risk | LONG SHORT | Equity | -0.54 | |
| Risk | LONG SHORT | Fixed Income | 0.90 | |
| segment | BRIC | Equity | -33.86 | |
| segment | DEVELOPED MARKETS | Equity | 121.00 | |
| segment | EMEA | Equity | -0.22 | |
| segment | EMERGING MARKETS | Equity | 11.41 | |
| segment | GCC | Equity | -0.68 | |
| segment | MENA | Equity | -1.06 | |
| segment | MENA | Fixed Income | -7.21 | |
| Size | LARGE-CAP | Equity | -1797.23 | |
| Size | MID-CAP | Equity | -0.26 | |
| Size | SMALL-CAP | Equity | 0.00 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed 11.4 USD mn of inflow. While Frontier Markets funds showed 0.4 USD mn of inflows.
BRAZIL Equity funds showed -15.9 USD mn of outflow.
BRAZIL Fixed Income funds showed 4.2 USD mn of inflow.
CHINA Equity funds showed 36.2 USD mn of inflow.
CHINA Fixed Income funds showed 62.4 USD mn of inflow.
INDIA Equity funds showed 25.9 USD mn of inflow.
INDIA Fixed Income funds showed 15.8 USD mn of inflow.
KOREA Equity funds showed 142.0 USD mn of inflow.
KOREA Fixed Income funds showed 0.0 USD mn of inflow.
RUSSIA Equity funds showed -36.1 USD mn of outflow.
RUSSIA Fixed Income funds showed -8.0 USD mn of outflow.
SOUTH AFRICA Equity funds showed -0.1 USD mn of outflow.
TURKEY Equity funds showed 2.5 USD mn of inflow.
COMMUNICATIONS SECTOR Equity funds showed 2.8 USD mn of inflow.
ENERGY SECTOR Equity funds showed 1.6 USD mn of inflow.
FINANCIAL SECTOR E quity funds showed 0.0 USD mn of inflow.
FINANCIAL SECTOR Equity funds showed 12.1 USD mn of inflow.
REAL ESTATE SECTOR Equity funds showed -39.5 USD mn of outflow.
REAL ESTATE SECTOR Equity funds showed 0.0 USD mn of inflow.
TECHNOLOGY SECTOR Equity funds showed 11.2 USD mn of inflow.
UTILITIES SECTOR Equity funds showed -36.2 USD mn of outflow.
LONG SHORT Alternative funds showed 85.8 USD mn of inflow.
LONG SHORT Equity funds showed 10849.1 USD mn of inflow.
LONG SHORT Equity funds showed -0.5 USD mn of outflow.
LONG SHORT Fixed Income funds showed 0.9 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 | Type | profile | flow USD mln$ | |
| Equity | ETF | Direxion Daily Russia Bull 3x Shares is an | 14.77 | |
| Equity | OPEN-END FUND | Pioneer Invest Russia Stock is an open-end | 13.10 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Russia Equity | 2.04 | |
| Equity | OPEN-END FUND | JPMorgan Russia Securities Feeder Investment | 1.73 | |
| Equity | OPEN-END FUND | JPMorgan Russia Equity Investment Trust | 0.79 |
Russia Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | JPMorgan Funds - Russia Fund is an open-end | -8.76 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Russia Fund is an open-end | -8.22 | |
| Fixed Income | OPEN-END FUND | DWS Russia Bond Fund is a "specialized" | -6.30 | |
| Equity | OPEN-END FUND | East Capital Lux - Russian Fund is an open-end | -6.06 | |
| Equity | OPEN-END FUND | East Capital - Russian Fund is an open-end | -5.13 |
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 | ETF | Deutsche X-trackers Harvest CSI 300 China | 99.99 | |
| Equity | ETF | iShares China Large-Cap ETF is an exchange-traded | 89.12 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Chinese | 61.35 | |
| Equity | OPEN-END FUND | UBS (Lux) Equity Fund - China Opportunity | 60.72 |
China Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Mirae Asset China A Share Securities Feeder | ||
| Equity | ETF | iShares MSCI China ETF is an exchange-traded | -99.99 | |
| Equity | FUND OF FUNDS | KB China Mainland A Share Leverage Securities | -70.12 | |
| Equity | FUND OF FUNDS | KB China Mainland A Share Leverage Securities | -35.04 | |
| Equity | OPEN-END FUND | UBS (CAY) China A Opportunity is an exempted | -29.34 |
Source: MidLincoln Research
South Africa Inflows
| assclass | Type | profile | flow USD mln$ | |
| 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 | |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | -0.08 | |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | -1.58 |
South Africa Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | -1.58 | |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | -0.08 | |
| 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 |
Source: MidLincoln Research
Korea Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Korea UCITS ETF (Dist) is an | 99.99 | |
| Equity | ETF | WisdomTree Korea Hedged Equity Fund is an | 4.70 | |
| Equity | OPEN-END FUND | INVESCO Korean Equity Fund is a UCITS | 4.55 | |
| Equity | OPEN-END FUND | INVESCO Korean Equity Fund is a UCITS certified | 3.28 | |
| Equity | ETF | Deutsche X-trackers MSCI South Korea Hedged | 1.74 |
Korea Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI South Korea Capped ETF is an | -20.63 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | -6.30 | |
| Equity | ETF | Direxion Daily Korea Bull 3x Shares is an | -1.75 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Korean Equity | -1.41 | |
| Equity | OPEN-END FUND | KIM Investment Funds - Korea Navigator | -0.97 |
Source: MidLincoln Research
India Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI India ETF is an exchange-traded | 77.33 | |
| Equity | OPEN-END FUND | GS India Equity Portfolio is a Portfolio | 52.33 | |
| Equity | ETF | WisdomTree India Earnings Fund is an exchange-traded | 28.81 | |
| Equity | OPEN-END FUND | Kotak Funds - India Midcap Fund is a SICAV | 21.50 | |
| Fixed Income | OPEN-END FUND | UTI Indian Fixed Income Fund PLC is an | 10.22 |
India Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Vontobel India Fund is an open-end fund | -33.10 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | -24.48 | |
| Equity | OPEN-END FUND | JPMorgan Funds - India Fund is an open-end | -9.02 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | -8.10 | |
| Equity | OPEN-END FUND | Jupiter JGF - India Select is an open-end | -6.04 |
Source: MidLincoln Research
Turkey Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | 2.52 | |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | -3.37 |
Turkey Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | -3.37 | |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | 2.52 |
Source: MidLincoln Research
Brazil Inflows
| assclass | Type | profile | flow USD mln$ | |
| Fixed Income | OPEN-END FUND | DWS Brazil Bond Fund is an open-end investment | 4.92 | |
| Equity | ETF | Direxion Daily Brazil Bull 3x Shares is an | 4.31 | |
| Equity | ETF | iShares MSCI Brazil UCITS ETF (Dist) is an | 0.85 | |
| Equity | OPEN-END FUND | Mirae Asset Brazil Industry Representative | 0.07 | |
| Equity | OPEN-END FUND | KB Brazil Securities Feeder Investment | 0.05 |
Brazil Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | ProShares Ultra MSCI Brazil Capped is an | ||
| Equity | ETF | ProShares UltraShort MSCI Brazil Capped is short | ||
| Equity | ETF | iShares MSCI Brazil Capped ETF is an exchange-traded | -67.41 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Brazil Equity | -3.31 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Brazil Equity is an open-end | -3.18 |
Source: MidLincoln Research
Australia Inflows
| assclass | Type | profile | flow USD mln$ | |
| Fixed Income | OPEN-END FUND | 0.88 | ||
| Equity | ETF | iShares MSCI Australia UCITS ETF is an open-end, | 0.82 | |
| Fixed Income | OPEN-END FUND | 0.67 | ||
| Mixed Allocation | OPEN-END FUND | Commonwealth Australia/New Zealand Fund | 0.07 | |
| Equity | OPEN-END FUND | First State Global Umbrella PLC - Australian | 0.01 |
Australia Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Australia ETF is an exchange-traded | -3.89 | |
| Equity | OPEN-END FUND | Australia Equity Income Fund is an open-end | -2.20 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring | -1.46 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring Australia | -1.29 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring Australia | -0.86 |
Source: MidLincoln Research
Canada Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | 2.69 | |
| Equity | ETF | First Trust Canada AlphaDEX Fund is an exchange-traded | 0.00 | |
| Equity | ETF | iShares MSCI Canada Small-Cap ETF is an exchange-traded | -0.02 | |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | -41.07 |
Canada Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | -41.07 | |
| Equity | ETF | iShares MSCI Canada Small-Cap ETF is an exchange-traded | -0.02 | |
| Equity | ETF | First Trust Canada AlphaDEX Fund is an exchange-traded | 0.00 | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | 2.69 |
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