Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | 2.16 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | -2.33 | |
| country | AUSTRALIA | Equity | 0.08 | |
| country | AUSTRALIA | Fixed Income | -0.45 | |
| country | AUSTRALIA | Mixed Allocation | -0.08 | |
| country | BRAZIL | Equity | 93.13 | |
| country | BRAZIL | Fixed Income | 3.25 | |
| country | CHINA | Equity | -528.98 | |
| country | CHINA | Fixed Income | -20.01 | |
| country | INDIA | Equity | 137.62 | |
| country | INDIA | Fixed Income | 23.93 | |
| country | ISRAEL | Equity | -0.01 | |
| country | JAPAN | Equity | 45241.15 | |
| country | KOREA | Equity | -2.99 | |
| country | KOREA | Fixed Income | 0.00 | |
| country | POLAND | Equity | 2.87 | |
| country | RUSSIA | Equity | 85.19 | |
| country | RUSSIA | Fixed Income | -1.50 | |
| country | SOUTH AFRICA | Equity | 0.13 | |
| country | SPAIN | Equity | 2.10 | |
| country | TURKEY | Equity | -0.96 | |
| country | UNITED KINGDOM | Equity | -9.28 | |
| industry | BASIC MATERIALS SECTOR | Equity | 3.88 | |
| industry | COMMUNICATIONS SECTOR | Equity | -1.08 | |
| industry | ENERGY SECTOR | Equi ty | 0.09 | |
| industry | ENERGY SECTOR | Equity | 142.08 | |
| industry | FINANCIAL SECTOR | Equity | -1.45 | |
| industry | HEALTH CARE SECTOR | Equity | 291.71 | |
| industry | INDUSTRIAL SECTOR | Equity | -16.14 | |
| industry | NATURAL RESOURCES SECTOR | Equity | -7.51 | |
| industry | REAL ESTATE SECTOR | Alternative | -0.18 | |
| industry | REAL ESTATE SECTOR | Equity | -670.96 | |
| industry | TECHNOLOGY SECTOR | Equity | -33.09 | |
| industry | UTILITIES SECTOR | Equity | -37.07 | |
| region | AFRICAN REGION | Equity | -8.92 | |
| region | AFRICAN REGION | Fixed Income | 0.00 | |
| region | ASIAN PACIFIC REGION | Equity | -73.68 | |
| region | ASIAN PACIFIC REGION | Fixed Income | 24.42 | |
| region | ASIAN PACIFIC REGION EX JAPAN | 0 | -0.50 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | -35.72 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | -0.55 | |
| region | EASTERN EUROPEAN REGION | Equity | -6.97 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | 0.06 | |
| region | EUROPEAN REGION | Equity 00003B9C | 10.04 | |
| region | EUROPEAN REGION | Equity | 1893.90 | |
| region | EUROPEAN REGION | Fixed Income | 293.32 | |
| region | EUROPEAN REGION | Mixed Allocation | 0.01 | |
| region | LATIN AMERICAN REGION | Equity | 45.54 | |
| region | LATIN AMERICAN REGION | Fixed Income | 2.80 | |
| region | MIDDLE EAST REGION | Equity | -0.22 | |
| region | NORDIC REGION | Equity | -10.54 | |
| region | NORTH AMERICAN REGION | Equity | -16.91 | |
| region | NORTH AMERICAN REGION | Fixed Income | 0.00 | |
| Risk | GOVERNMENT BOND | Fixed Income | 44.50 | |
| Risk | INFLATION PROTECTED | Fixed Income | 1230.20 | |
| Risk | LONG SHORT | Alternative | -153.67 | |
| Risk | LONG SHORT | Equity | 5339.95 | |
| Risk | LONG SHORT | Fixed Income | -22.55 | |
| segment | BRIC | Equity | -37.60 | |
| segment | BRIC | Fixed Income | 0.23 | |
| segment | DEVELOPED MARKETS | Equity | 85.02 | |
| segment | EMEA | Equity | -1.81 | |
| segment | EMERGING MARKETS | Equity | 565.72 | |
| segment | GCC | Equity | -0.25 | |
| segment | MENA | Equity | -0.65 | |
| segment | MENA | Fixed Income | -0.86 | |
| Size | LARGE-CAP | Equity | 230.55 | |
| Size | MID-CAP | Equity | 179.48 | |
| Size | SMALL-CAP | Equity | 50.01 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed 565.7 USD mn of inflow. While Frontier Markets funds showed 1.8 USD mn of inflows.
BRAZIL Equity funds showed 93.1 USD mn of inflow.
BRAZIL Fixed Income funds showed 3.3 USD mn of inflow.
CHINA Equity funds showed -529.0 USD mn of outflow.
CHINA Fixed Income funds showed -20.0 USD mn of outflow.
INDIA Equity funds showed 137.6 USD mn of inflow.
INDIA Fixed Income funds showed 23.9 USD mn of inflow.
KOREA Equity funds showed -3.0 USD mn of outflow.
KOREA Fixed Income funds showed 0.0 USD mn of inflow.
RUSSIA Equity funds showed 85.2 USD mn of inflow.
RUSSIA Fixed Income funds showed -1.5 USD mn of outflow.
SOUTH AFRICA Equity funds showed 0.1 USD mn of inflow.
TURKEY Equity funds showed -1.0 USD mn of outflow.
COMMUNICATIONS SECTOR Equity funds showed -1.1 USD mn of outflow.
ENERGY SECTOR Equi ty funds showed 0.1 USD mn of inflow.
ENERGY SECTOR Equity funds showed 142.1 USD mn of inflow.
FINANCIAL SECTOR Equity funds showed -1.5 USD mn of outflow.
REAL ESTATE SECTOR Alternative funds showed -0.2 USD mn of outflow.
REAL ESTATE SECTOR Equity funds showed -671.0 USD mn of outflow.
TECHNOLOGY SECTOR Equity funds showed -33.1 USD mn of outflow.
UTILITIES SECTOR Equity funds showed -37.1 USD mn of outflow.
LONG SHORT Alternative funds showed -153.7 USD mn of outflow.
LONG SHORT Equity funds showed 5340.0 USD mn of inflow.
LONG SHORT Fixed Income funds showed -22.6 USD mn of outflow.
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 | 31.34 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Russia Equity | 15.37 | |
| Equity | OPEN-END FUND | JPMorgan Russia Securities Feeder Investment | 11.68 | |
| Equity | ETF | Market Vectors Russia ETF is an exchange-traded | 7.61 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Russia Equity | 6.73 |
Russia Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Russia ADR/GDR UCITS ETF is | -14.22 | |
| Equity | OPEN-END FUND | East Capital Lux - Russian Fund is an open-end | -4.36 | |
| Equity | OPEN-END FUND | East Capital Lux - Russian Fund is an open-end | -4.13 | |
| Equity | OPEN-END FUND | SEB Fund 2 - SEB Russia Fund is an FPC | -2.14 | |
| Equity | OPEN-END FUND | East Capital - Russian Fund is an open-end | -1.85 |
Source: MidLincoln Research
China Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | Hang Seng Investment Index Funds Series - | 99.99 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Chinese Equity | 99.99 | |
| Equity | OPEN-END FUND | UBS (Lux) Equity Fund - China Opportunity | 89.85 | |
| Equity | ETF | iShares Asia Trust - MSCI China Index ETF | 56.44 | |
| Equity | FUND OF FUNDS | KB China Mainland A Share Leverage Securities | 52.65 |
China Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Baring Investment Funds - China Select Fund | ||
| Equity | ETF | iShares Asia Trust - iShares FTSE A50 China | -99.99 | |
| Equity | ETF | Harvest MSCI China A Index ETF is an exchange-traded | -99.21 | |
| Equity | ETF | db x-trackers Harvest CSI300 INDEX UCITS | -54.76 | |
| Equity | OPEN-END FUND | Samsung CHINA2.0 Securities Feeder Investment | -52.96 |
Source: MidLincoln Research
South Africa Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI South Africa ETF is an exchange-traded | 0.14 | |
| 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 | -0.27 | |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | -0.41 |
South Africa Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI South Africa UCITS ETF is an | -0.41 | |
| Equity | ETF | iShares MSCI South Africa - B UCITS ETF is | -0.27 | |
| 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 ETF is an exchange-traded | 0.14 |
Source: MidLincoln Research
Korea Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Korea UCITS ETF (Dist) is an | 56.48 | |
| Equity | ETF | iShares MSCI South Korea Capped ETF is an | 54.83 | |
| Equity | ETF | iShares MSCI South Korea Capped ETF is an | 29.83 | |
| Equity | OPEN-END FUND | INVESCO Korean Equity Fund is a UCITS certified | 3.24 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Korean Equity | 0.72 |
Korea Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | Value Korea ETF is an exchange-traded fund | -89.77 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Korea Equity is an open-end | -1.71 | |
| Equity | FUND OF FUNDS | Baring Korea Feeder Fund is an open-end | -0.99 | |
| Equity | OPEN-END FUND | -0.02 | ||
| Equity | ETF | WisdomTree Korea Hedged Equity Fund is an | 0.00 |
Source: MidLincoln Research
India Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | 32.16 | |
| Equity | ETF | iShares MSCI India ETF is an exchange-traded | 25.08 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Indian Equity | 24.79 | |
| Equity | OPEN-END FUND | Kotak Funds - India Midcap Fund is a SICAV | 24.31 | |
| Fixed Income | OPEN-END FUND | UTI Indian Fixed Income Fund PLC is an | 17.86 |
India Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | Market Vectors India Small-Cap Index ETF | ||
| Equity | OPEN-END FUND | Jupiter JGF - India Select is an open-end | -19.35 | |
| Equity | OPEN-END FUND | JPMorgan Funds - India Fund is an open-end | -16.18 | |
| Equity | OPEN-END FUND | Pictet - Indian Equities is an open-end | -5.93 | |
| Equity | OPEN-END FUND | Pictet - Indian Equities is an open-end fund | -4.77 |
Source: MidLincoln Research
Turkey Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | -0.96 | |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | -2.22 |
Turkey Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Turkey UCITS ETF is an open-end, | -2.22 | |
| Equity | ETF | iShares MSCI Turkey ETF is an exchange-traded | -0.96 |
Source: MidLincoln Research
Brazil Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Brazil Capped ETF is an exchange-traded | 52.50 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Brazil Equity | 12.01 | |
| Equity | OPEN-END FUND | HSBC Global Investment Funds - Brazil Equity | 8.84 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Brazil Equity is an open-end | 5.61 | |
| Equity | OPEN-END FUND | JPMorgan Funds - Brazil Equity is an open-end | 5.14 |
Brazil Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | ProShares Ultra MSCI Brazil Capped is an | ||
| Equity | OPEN-END FUND | SH BNPP Bonjour Great Emerging Securities | -3.80 | |
| Equity | ETF | iShares MSCI Brazil UCITS ETF (Dist) is an | -3.38 | |
| Equity | ETF | iShares MSCI Brazil UCITS ETF (Acc) is an | -2.52 | |
| Equity | OPEN-END FUND | SH BNPP Bonjour Brazil Securities Feeder | -0.66 |
Source: MidLincoln Research
Australia Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | OPEN-END FUND | Australia Equity Income Fund is an open-end | 1.58 | |
| Equity | ETF | iShares MSCI Australia ETF is an exchange-traded | 0.60 | |
| Fixed Income | OPEN-END FUND | 0.09 | ||
| Equity | OPEN-END FUND | NESTOR Australien Fonds is an open-end investment | 0.02 | |
| Equity | OPEN-END FUND | NESTOR Australien Fonds is an open-end | 0.02 |
Australia Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Australia UCITS ETF is an open-end, | -22.24 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring Australia | -1.87 | |
| Equity | OPEN-END FUND | Baring International Umbrella - Baring | -1.70 | |
| Equity | ETF | iShares MSCI Australia - B UCITS ETF is an | -0.50 | |
| Equity | OPEN-END FUND | UBS (Lux) Equity Fund - Australia (AUD) | -0.23 |
Source: MidLincoln Research
Canada Inflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | 29.65 | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | 2.20 | |
| Equity | ETF | First Trust Canada AlphaDEX Fund is an exchange-traded | 1.61 | |
| Equity | ETF | iShares MSCI Canada Small-Cap ETF is an exchange-traded | -2.05 | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, |
Canada Outflows
| assclass | Type | profile | flow USD mln$ | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | ||
| Equity | ETF | iShares MSCI Canada Small-Cap ETF is an exchange-traded | -2.05 | |
| Equity | ETF | First Trust Canada AlphaDEX Fund is an exchange-traded | 1.61 | |
| Equity | ETF | iShares MSCI Canada UCITS ETF is an open-ended, | 2.20 | |
| Equity | ETF | iShares MSCI Canada ETF is an exchange-traded | 29.65 |
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