Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | 3.38 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | -35.25 | |
| Commodities | PRECIOUS METALS | Commodity | -312.92 | |
| country | AUSTRALIA | Equity | 83.43 | |
| country | AUSTRALIA | Mixed Allocation | 0.00 | |
| country | BRAZIL | Equity | -1.32 | |
| country | BRAZIL | Fixed Income | 0.32 | |
| country | CHINA | Equity | 2674.60 | |
| country | CHINA | Fixed Income | -1.59 | |
| country | INDIA | Equity | 74.69 | |
| country | ISRAEL | Equity | 0.57 | |
| country | JAPAN | Equity | 31.86 | |
| country | KOREA | Equity | 59.44 | |
| country | RUSSIA | Equity | 130.99 | |
| country | SOUTH AFRICA | Equity | 0.91 | |
| Country | TAIWAN | Equity | 16.20 | |
| country | TURKEY | Equity | -0.06 | |
| country | UNITED KINGDOM | Equity | 139.11 | |
| industry | BASIC MATERIALS SECTOR | Equity | 9.07 | |
| industry | COMMUNICATIONS SECTOR | Equity | -0.46 | |
| industry | ENERGY SECTOR | Equity | 124.36 | |
| industry | FINANCIAL SECTOR | Equity | 25.56 | |
| industry | HEALTH CARE SECTOR | Equity | -77.58 | |
| industry | INDUSTRIAL SECTOR | Equity | 3.18 | |
| industry | NATURAL RESOURCES SECTOR | Equity | -119.21 | |
| industry | REAL ESTATE SECTOR | Alternative | -0.85 | |
| industry | REAL ESTATE SECTOR | Equity | 86.44 | |
| industry | TECHNOLOGY SECTOR | Equity | 22.65 | |
| industry | UTILITIES SECTOR | Equity | 31.53 | |
| region | AFRICAN REGION | Equity | -0.59 | |
| region | ASIAN PACIFIC REGION | Equity | 29.95 | |
| region | ASIAN PACIFIC REGION | Fixed Income | 2.08 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | 110.44 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | 0.05 | |
| region | EASTERN EUROPEAN REGION | Equity | -0.49 | |
| region | EUROPEAN REGION | Equity | 37.88 | |
| region | EUROPEAN REGION | Fixed Income | 61.80 | |
| region | LATIN AMERICAN REGION | Equity | -5.13 | |
| region | MIDDLE EAST REGION | Equity | 0.60 | |
| region | NORTH AMERICAN REGION | Equity | 117.11 | |
| Risk | GOVERNMENT BOND | Fixed Income | 167.26 | |
| Risk | INFLATION PROTECTED | Fixed Income | -13.06 | |
| Risk | LONG SHORT | Alternative | -21.31 | |
| Risk | LONG SHORT | Equity | 71.37 | |
| Sector | AGRICULTURE | Commodity | 5.00 | |
| Sector | CONSUMER DISCRETIONARY | Equity | 41.98 | |
| Sector | CONSUMER STAPLES | Equity | 109.01 | |
| segment | BRIC | Equity | 3.36 | |
| segment | BRIC | Fixed Income | 0.13 | |
| segment | DEVELOPED MARKETS | Equity | -55.74 | |
| segment | EMEA | Equity | -0.44 | |
| segment | EMERGING MARKETS | Equity | 1400.79 | |
| segment | MENA | Equity | -0.35 | |
| Size | LARGE-CAP | Equity | -3516.55 | |
| Size | MID-CAP | Commodity | -0.53 | |
| Size | MID-CAP | Equity | 545.49 | |
| Size | SMALL-CAP | Equity | 55.04 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed 1400.8 USD mn of inflow. While Frontier Markets funds showed 0.5 USD mn of inflows.
BRAZIL Equity funds showed -1.3 USD mn of outflow.
BRAZIL Fixed Income funds showed 0.3 USD mn of inflow.
CHINA Equity funds showed 2674.6 USD mn of inflow.
CHINA Fixed Income funds showed -1.6 USD mn of outflow.
INDIA Equity funds showed 74.7 USD mn of inflow.
KOREA Equity funds showed 59.4 USD mn of inflow.
RUSSIA Equity funds showed 131.0 USD mn of inflow.
SOUTH AFRICA Equity funds showed 0.9 USD mn of inflow.
TURKEY Equity funds showed -0.1 USD mn of outflow.
COMMUNICATIONS SECTOR Equity funds showed -0.5 USD mn of outflow.
ENERGY SECTOR Equity funds showed 124.4 USD mn of inflow.
FINANCIAL SECTOR Equity funds showed 25.6 USD mn of inflow.
REAL ESTATE SECTOR Alternative funds showed -0.8 USD mn of outflow.
REAL ESTATE SECTOR Equity funds showed 86.4 USD mn of inflow.
TECHNOLOGY SECTOR Equity funds showed 22.6 USD mn of inflow.
UTILITIES SECTOR Equity funds showed 31.5 USD mn of inflow.
LONG SHORT Alternative funds showed -21.3 USD mn of outflow.
LONG SHORT Equity funds showed 71.4 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 | Market Vectors Russia ETF is an exchange-traded | 92.80 | |
| Equity | iShares MSCI Russi a ADR/GDR UCITS ETF | 16.90 | |
| Equity | Direxion Daily Russia Bull 3x Shares is an | 13.37 | |
| Equity | Shinhan BNPP Bonjour Russia Securities | 2.43 | |
| Equity | Direxion Daily Russia Bear 3x Shares is an | 1.80 |
Russia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Voya Russia Fund is an open-end fund incorporated | -0.26 | |
| Equity | Shinhan BNPP The Dream Russia Equity Investment | -0.07 | |
| Equity | Deutsche DW Russia Securities Master Investment | 0.00 | |
| Equity | KITM Russia Securities Master Investment | 0.00 | |
| Equity | Kiwoom Russia Index Securities Convertible | 0.00 |
Source: MidLincoln Research
China Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Hang Seng Investment Index Funds Series - | 99.99 | |
| Equity | CSOP FTSE China A50 ETF is an exchange-traded | 99.99 | |
| Equity | iShares Asia Trust - iShares FTSE A50 China | 99.99 | |
| Equity | Deutsche X-trackers Harvest CSI 300 China | 85.67 | |
| Equity | HSBC Global Investment Funds - Chinese Equity | 39.47 |
China Outflows
| assclass | profile | flow USD mln$ | |
| Equity | HSBC Global Investment Funds - Chinese | -75.20 | |
| Equity | HSBC Global Investment Funds - Chinese | -27.25 | |
| Equity | UBS (Lux) Institutional Sicav II - China | -14.03 | |
| Equity | Threadneedle Specialist Investment Funds | -9.39 | |
| Equity | Eastspring China Dragon A Share Securities | -9.35 |
Source: MidLincoln Research
South Africa Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI South Africa UCITS ETF is an | 0.91 |
South Africa Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI South Africa UCITS ETF is an | 0.91 |
Source: MidLincoln Research
Korea Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI South Korea Capped ETF is an | 55.61 | |
| Equity | Deutsche X-trackers MSCI South Korea Hedged | 3.39 | |
| Equity | WisdomTree Korea Hedged Equity Fund is an | 0.28 | |
| Equity | Baring Korea Feeder Fund is an open-end | 0.19 | |
| Equity | First Trust South Korea AlphaDEX Fund is | 0.03 |
Korea Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Korea Equity Fund, Inc. is a non-diversified, | -0.03 | |
| Equity | Horizons Korea KOSPI 200 ETF is an exchange-traded | -0.02 | |
| Equity | First Trust South Korea AlphaDEX Fund is | 0.03 | |
| Equity | Baring Korea Feeder Fund is an open-end | 0.19 | |
| Equity | WisdomTree Korea Hedged Equity Fund is an | 0.28 |
Source: MidLincoln Research
India Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Morgan Stanley India Investment Fund, Inc. | 53.87 | |
| Equity | iShares MSCI India ETF is an exchange-traded | 28.12 | |
| Equity | HSBC Global Investment Funds - Indian Equity | 21.04 | |
| Equity | Direxion Daily India Bull 3X Shares is an | 3.44 | |
| Equity | Samsung India Securities Feeder Investment | 3.29 |
India Outflows
| assclass | profile | flow USD mln$ | |
| Equity | WisdomTree India Earnings Fund is an exchange-traded | -31.45 | |
| Equity | iShares India 50 ETF is an exchange-traded | -5.92 | |
| Equity | HSBC Global Investment Funds - Indian Equity | -2.17 | |
| Equity | Mirae Asset India Sector Leader Equity | -0.50 | |
| Equity | Mirae Asset India Solomon Securities Investment | -0.30 |
Source: MidLincoln Research
Turkey Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | -0.06 |
Turkey Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | -0.06 |
Source: MidLincoln Research
Brazil Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Direxion Daily Brazil Bull 3x Shares is an | 0.89 | |
| Fixed Income | Santander FIC FI Renda Fixa I Credito Privado | 0.31 | |
| Equity | NEXT FUNDS Ibovespa Linked Exchange Traded | 0.16 | |
| Equity | Deutsche X-trackers MSCI Brazil Hedged Equity | 0.08 | |
| Equity | Mirae Asset Index Ro Brazil Securities | 0.06 |
Brazil Outflows
| assclass | profile | flow USD mln$ | |
| Equity | ProShares UltraShort MSCI Brazil Capped is short | -1.91 | |
| Equity | Shinhan BNP Bonjour Brazil Investment Trust | -0.60 | |
| Equity | SH BNPP Bonjour Great Emerging Securities | -0.14 | |
| Equity | Mirae Asset Brazil Industry Representative | -0.13 | |
| Equity | KDB Samba Brazil Securities Feeder Investment | -0.02 |
Source: MidLincoln Research
Australia Inflows
| assclass | profile | flow USD mln$ | |
| Equity | UBS (Lux) Equity Fund - Australia (AUD) is | 48.18 | |
| Equity | iShares MSCI Australia UCITS ETF is an open-end, | 26.32 | |
| Equity | Baring International Umbrella - Baring Australia | 4.34 | |
| Equity | Baring International Umbrella - Baring Australia | 3.38 | |
| Equity | Baring International Umbrella - Baring | 1.57 |
Australia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Australia Equity Income Fund is an open-end | -0.67 | |
| Equity | First Trust Australia AlphaDEX Fund is an | -0.10 | |
| Equity | UBS (Lux) Equity Fund - Australia (AUD) | -0.01 | |
| Equity | Mirae Asset Australia Discovery Securities | 0.00 | |
| Mixed Allocation | Commonwealth Australia/New Zealand Fund | 0.00 |
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