Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | -3.49 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | -0.43 | |
| Commodities | PRECIOUS METAL SECTOR | Mixed Allocation | -0.06 | |
| Commodities | PRECIOUS METALS | Commodity | -277.37 | |
| Commodities | PRECIOUS METALS | Mixed Allocation | 0.00 | |
| country | AUSTRALIA | Equity | 50.77 | |
| country | AUSTRALIA | Fixed Income | -0.76 | |
| country | AUSTRALIA | Mixed Allocation | -0.63 | |
| country | BRAZIL | Equity | 5.91 | |
| country | BRAZIL | Fixed Income | 3190.42 | |
| country | CHINA | Equity | 30.07 | |
| country | CHINA | Fixed Income | -204.42 | |
| country | INDIA | Equity | -136.09 | |
| country | INDIA | Fixed Income | -2.47 | |
| country | ISRAEL | Equity | -0.14 | |
| country | JAPAN | Equity | 7738.58 | |
| country | JAPAN | Fixed Income | 1537.38 | |
| country | KOREA | Equity | 19.32 | |
| country | POLAND | Equity | 0.12 | |
| country | RUSSIA | Equity | 27.68 | |
| country | RUSSIA | Fixed Income | -2.27 | |
| country | SOUTH AFRICA | Equity | 1.12 | |
| country | SPAIN | Equity | -49.38 | |
| Country | TAIWAN | Equity | 3.06 | |
| country | TURKEY | Equity | -12.23 | |
| country | UNITED KINGDOM | Equity | -149.90 | |
| industry | BASIC MATERIALS SECTOR | Equity | 71.23 | |
| industry | COMMUNICATIONS SECTOR | Equity | 23.82 | |
| industry | ENERGY SECTOR | Equity | 443.31 | |
| industry | FINANCIAL SECTOR | Equity | 2.87 | |
| industry | HEALTH CARE SECTOR | Equity | 76.83 | |
| industry | INDUSTRIAL SECTOR | Equity | 2.46 | |
| industry | NATURAL RESOURCES SECTOR | Equity | -4.19 | |
| industry | REAL ESTATE SECTOR | Alternative | -0.15 | |
| industry | REAL ESTATE SECTOR | Equity | 43.66 | |
| industry | TECHNOLOGY SECTOR | Equity | 45.16 | |
| industry | UTILITIES SECTOR | Equity | 7.28 | |
| region | AFRICAN REGION | Equity | 14.15 | |
| region | ASIAN PACIFIC REGION | Equity | 60.10 | |
| region | ASIAN PACIFIC REGION | Fixed Income | -41.23 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | -394.67 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | -539.96 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Mixed Allocation | -1.65 | |
| region | EASTERN EUROPEAN REGION | Equity | 23.27 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | -0.48 | |
| region | EUROPEAN REGION | Equity | 1552.75 | |
| region | EUROPEAN REGION | Fixed Income | -348.99 | |
| region | EUROPEAN REGION | Mixed Allocation | 0.28 | |
| region | LATIN AMERICAN REGION | Equity | 36.78 | |
| region | LATIN AMERICAN REGION | Fixed Income | 337.47 | |
| region | MIDDLE EAST REGION | Equity | -0.90 | |
| region | MIDDLE EAST REGION | Fixed Income | -0.05 | |
| region | NORDIC REGION | Equity | 9.62 | |
| region | NORTH AMERICAN REGION | Equity | 16.39 | |
| region | NORTH AMERICAN REGION | Fixed Income | 0.18 | |
| Risk | GOVERNMENT BOND | Fixed Income | 32.06 | |
| Risk | INFLATION PROTECTED | Fixed Income | -15.42 | |
| Risk | LONG SHORT | Alternative | 168.36 | |
| Risk | LONG SHORT | Equity | -2578.05 | |
| Risk | LONG SHORT | Fixed Income | -2.00 | |
| Risk | LONG SHORT | Mixed Allocation | 0.23 | |
| Sector | AGRICULTURE | Commodity | 10.19 | |
| Sector | AGRICULTURE | Equity | -0.02 | |
| Sector | CONSUMER DISCRETIONARY | Equity | 55.22 | |
| Sector | CONSUMER STAPLES | Equity | 65.80 | |
| segment | BRIC | Equity | -12.72 | |
| segment | BRIC | Fixed Income | 0.22 | |
| segment | DEVELOPED MARKETS | Equity | 30.43 | |
| segment | EMEA | Equity | -0.21 | |
| segment | EMEA | Fixed Income | 0.55 | |
| segment | EMERGING MARKETS | Equity | 514.72 | |
| segment | GCC | Equity | -1.54 | |
| segment | GCC | Fixed Income | 0.00 | |
| segment | MENA | Equity | -3.75 | |
| segment | MENA | Fixed Income | -0.21 | |
| Size | LARGE-CAP | Equity | -1073.15 | |
| Size | MID-CAP | Commodity | -0.03 | |
| Size | MID-CAP | Equity | 1613.56 | |
| Size | SMALL-CAP | Equity | 94.66 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed 514.7 USD mn of inflow. While Frontier Markets funds showed 4.7 USD mn of inflows.
BRAZIL Equity funds showed 5.9 USD mn of inflow.
BRAZIL Fixed Income funds showed 3190.4 USD mn of inflow.
CHINA Equity funds showed 30.1 USD mn of inflow.
CHINA Fixed Income funds showed -204.4 USD mn of outflow.
INDIA Equity funds showed -136.1 USD mn of outflow.
INDIA Fixed Income funds showed -2.5 USD mn of outflow.
KOREA Equity funds showed 19.3 USD mn of inflow.
RUSSIA Equity funds showed 27.7 USD mn of inflow.
RUSSIA Fixed Income funds showed -2.3 USD mn of outflow.
SOUTH AFRICA Equity funds showed 1.1 USD mn of inflow.
TURKEY Equity funds showed -12.2 USD mn of outflow.
COMMUNICATIONS SECTOR Equity funds showed 23.8 USD mn of inflow.
ENERGY SECTOR Equity funds showed 443.3 USD mn of inflow.
FINANCIAL SECTOR Equity funds showed 2.9 USD mn of inflow.
REAL ESTATE SECTOR Alternative funds showed -0.1 USD mn of outflow.
REAL ESTATE SECTOR Equity funds showed 43.7 USD mn of inflow.
TECHNOLOGY SECTOR Equity funds showed 45.2 USD mn of inflow.
UTILITIES SECTOR Equity funds showed 7.3 USD mn of inflow.
LONG SHORT Alternative funds showed 168.4 USD mn of inflow.
LONG SHORT Equity funds showed -2578.0 USD mn of outflow.
LONG SHORT Fixed Income funds showed -2.0 USD mn of outflow.
LONG SHORT Mixed Allocation funds showed 0.2 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 | HSBC Global Investment Funds - Russia Equity | 12.72 | |
| Equity | East Capital Lux - Russian Fund is an open-end | 10.55 | |
| Equity | iShares MSCI Russi a ADR/GDR UCITS ETF | 9.00 | |
| Equity | JPMorgan Funds - Russia Fund is an open-end | 5.93 | |
| Equity | JPMorgan Funds - Russia Fund is an open-end | 5.76 |
Russia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | db x-trackers MSCI Russia Capped Index UCITS | -14.73 | |
| Equity | LYXOR ETF RUSSIA Dow Jones Russia GDR - D | -3.49 | |
| Equity | LYXOR ETF RUSSIA (Dow Jones Russia GDR) - | -3.22 | |
| Equity | HSBC Global Investment Funds - Russia Equity | -2.94 | |
| Equity | Direxion Daily Russia Bull 3x Shares is an | -2.65 |
Source: MidLincoln Research
China Inflows
| assclass | profile | flow USD mln$ | |
| Equity | CSOP FTSE China A50 ETF is an exchange-traded | 99.99 | |
| Equity | ChinaAMC ETF Series - ChinaAMC CSI 300 Index | 58.70 | |
| Equity | W.I.S.E. - CSI 300 China Tracker� is an index-tracking | 51.99 | |
| Equity | Deutsche X-trackers Harvest CSI 300 China | 28.45 | |
| Equity | iShares Asia Trust - MSCI China Index ETF | 16.24 |
China Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares China Large-Cap ETF is an exchange-traded | -99.99 | |
| Equity | HSBC Global Investment Funds - Chinese Equity | -67.70 | |
| Fixed Income | Deutsche Invest I China Bonds is an open-end | -51.74 | |
| Fixed Income | Deutsche Invest I China Bonds is an open-end | -51.40 | |
| Equity | INVESCO PRC Equity Fund is a UCITS certified | -48.55 |
Source: MidLincoln Research
South Africa Inflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 1.09 | |
| Equity | iShares MSCI South Africa UCITS ETF is an | 0.15 | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 | |
| Equity | The RBS Market Access FTSE/JSE Africa Top40 | -0.13 |
South Africa Outflows
| assclass | profile | flow USD mln$ | |
| Equity | The RBS Market Access FTSE/JSE Africa Top40 | -0.13 | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 | |
| Equity | iShares MSCI South Africa UCITS ETF is an | 0.15 | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 1.09 |
Source: MidLincoln Research
Korea Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI South Korea Capped ETF is an | 9.86 | |
| Equity | Korea Equity Fund, Inc. is a non-diversified, | 9.60 | |
| Equity | HSBC Global Investment Funds - Korean Equity | 3.66 | |
| Equity | HSBC Global Investment Funds - Korean Equity | 3.20 | |
| Equity | Amundi Funds - Equity Korea is a SICAV | 1.36 |
Korea Outflows
| assclass | profile | flow USD mln$ | |
| Equity | db x-trackers - MSCI Korea TRN Index UCITS | -4.58 | |
| Equity | JPMorgan Funds - Korea Equity is an open-end | -1.20 | |
| Equity | Deutsche X-trackers MSCI South Korea Hedged | -0.95 | |
| Equity | INVESCO Korean Equity Fund is a UCITS | -0.86 | |
| Equity | INVESCO Korean Equity Fund is a UCITS certified | -0.80 |
Source: MidLincoln Research
India Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Morgan Stanley India Investment Fund, Inc. | 53.75 | |
| Equity | GS India Equity Portfolio is a Portfolio | 5.84 | |
| Equity | Shinhan BNPP Bonjour India Equity Investment | 2.88 | |
| Equity | Morgan Stanley Investment Funds - Indian | 2.76 | |
| Equity | AMUNDI ETF MSCI INDIA UCITS ETF is a UCITS | 1.72 |
India Outflows
| assclass | profile | flow USD mln$ | |
| Equity | HSBC Global Investment Funds - Indian Equity | -59.92 | |
| Equity | The Lyxor ETF MSCI India is a UCITS compliant | -42.71 | |
| Equity | iShares MSCI India ETF is an exchange-traded | -28.47 | |
| Equity | Comgest Growth PLC - Comgest Growth India | -26.66 | |
| Equity | AllianceBernstein - India Growth Portfolio | -16.30 |
Source: MidLincoln Research
Turkey Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | 1.66 | |
| Equity | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | 0.01 | |
| Equity | The RBS Market Access Dow Jones Turkey Titans | -0.06 | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | -0.16 | |
| Equity | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -13.69 |
Turkey Outflows
| assclass | profile | flow USD mln$ | |
| Equity | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -13.69 | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | -0.16 | |
| Equity | The RBS Market Access Dow Jones Turkey Titans | -0.06 | |
| Equity | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | 0.01 | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | 1.66 |
Source: MidLincoln Research
Brazil Inflows
| assclass | profile | flow USD mln$ | |
| Fixed Income | Fondo Mutuo Security Fixed Income BRL is | 99.99 | |
| Equity | iShares MSCI Brazil UCITS ETF (Dist) is an | 2.45 | |
| Equity | Lyxor ETF Brazil (Ibovespa) USD is an exchange | 2.26 | |
| Equity | AMUNDI ETF MSCI BRAZIL is an exchange-traded | 1.12 | |
| Equity | SH BNPP Bonjour Brazil Securities Feeder | 1.02 |
Brazil Outflows
| assclass | profile | flow USD mln$ | |
| Equity | db x-trackers - MSCI Brazil TRN Index UCITS | -1.23 | |
| Fixed Income | Santander FIC FI Renda Fixa I Credito Privado | -0.50 | |
| Equity | Fonditalia - Equity Brazil (F33) is an | -0.41 | |
| Equity | Fonditalia - Equity Brazil (F33) is an | -0.41 | |
| Equity | HSBC Global Investment Funds - Brazil Equity | -0.30 |
Source: MidLincoln Research
Australia Inflows
| assclass | profile | flow USD mln$ | |
| Equity | UBS (Lux) Equity Fund - Australia (AUD) is | 42.94 | |
| Equity | Candriam Equities L - Australia is a SICAV | 11.61 | |
| Equity | iShares MSCI Australia UCITS ETF is an open-end, | 6.61 | |
| Equity | Baring International Umbrella - Baring Australia | 5.44 | |
| Equity | NESTOR Australien Fonds is an open-end investment | 0.09 |
Australia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Australia Equity Income Fund is an open-end | -5.65 | |
| Equity | Candriam Equities L - Australia is a SICAV | -3.40 | |
| Equity | Baring International Umbrella - Baring Australia | -2.97 | |
| Equity | Baring International Umbrella - Baring | -1.21 | |
| Equity | db x-trackers S&P/ASX 200 UCITS ETF (DR) | -1.13 |
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