Weekly Strategy

MidLincoln Research

Aggregates for Funds

BIG Data Global Investment Strategy with focus on GEMs

Midlincoln Aggregates for funds

for week ending last Friday (inclusive)

Focus	Objective	Asset Class	Flow USD mn
Commodities	INDUSTRIAL METALS	Commodity	0.04
Commodities	PRECIOUS METAL SECTOR	Equity	1200.99
Commodities	PRECIOUS METALS	Commodity	883.42
Commodities	PRECIOUS METALS	Mixed Allocation	-4.72
country	AUSTRALIA	Equity	-85.21
country	AUSTRALIA	Fixed Income	-32.83
country	AUSTRALIA	Mixed Allocation	-0.04
country	BRAZIL	Equity	102.64
country	BRAZIL	Fixed Income	-12.39
country	CHINA	Equity	-12.76
country	CHINA	Fixed Income	-70.05
Country	EGYPT	Equity	1.14
country	INDIA	Equity	-189.44
country	INDIA	Fixed Income	-3.86
country	ISRAEL	Equity	-2.47
country	JAPAN	Equity	-933.60
country	JAPAN	Fixed Income	-57.96
country	JAPAN	Mixed Allocation	0.87
country	KOREA	Equity	29.10
country	POLAND	Equity	-1.59
country	RUSSIA	Equity	88.35
country	RUSSIA	Fixed Income	20.75
country	SOUTH AFRICA	Equity	-20.82
country	SPAIN	Equity	-23.81
Country	TAIWAN	Equity	-57.11
country	TURKEY	Equity	3.19
country	UNITED KINGDOM	Equity	-137.59
industry	BASIC MATERIALS SECTOR	Equity	2365.20
industry	COMMUNICATIONS SECTOR	Equity	71.63
industry	ENERGY SECTOR	Equity	-129.93
industry	ENERGY SECTOR	Mixed Allocation	-0.41
industry	FINANCIAL SECTOR	Equity	491.29
industry	HEALTH CARE SECTOR	Equity	-1355.20
industry	INDUSTRIAL SECTOR	Equity	-132.49
industry	MULTIPLE SECTOR	Equity	-2.82
industry	NATURAL RESOURCES SECTOR	Equity	11.12
industry	REAL ESTATE SECTOR	Alternative	-0.51
industry	REAL ESTATE SECTOR	Equity	-169.63
industry	TECHNOLOGY SECTOR	Equity	-533.38
industry	UTILITIES SECTOR	Equity	-68.68
region	AFRICAN REGION	Equity	-7.82
region	AFRICAN REGION	Fixed Income	-0.01
region	ASIAN PACIFIC REGION	Equity	-405.67
region	ASIAN PACIFIC REGION	Fixed Income	-229.34
region	ASIAN PACIFIC REGION	Mixed Allocation	-10.80
region	ASIAN PACIFIC REGION EX JAPAN	Equity	296.97
region	ASIAN PACIFIC REGION EX JAPAN	Fixed Income	-557.38
region	ASIAN PACIFIC REGION EX JAPAN	Mixed Allocation	-154.12
region	EASTERN EUROPEAN REGION	Equity	-109.08
region	EASTERN EUROPEAN REGION	Fixed Income	-6.95
region	EASTERN EUROPEAN REGION	Mixed Allocation	-3.41
region	EUROPEAN REGION	Equity	-2202.57
region	EUROPEAN REGION	Fixed Income	-1332.75
region	EUROPEAN REGION	Mixed Allocation	-2.02
region	LATIN AMERICAN REGION	Equity	410.01
region	LATIN AMERICAN REGION	Fixed Income	1.41
region	MIDDLE EAST REGION	Equity	-39.86
region	MIDDLE EAST REGION	Fixed Income	0.41
region	NORDIC REGION	Equity	-112.85
region	NORTH AMERICAN REGION	Equity	-306.37
region	NORTH AMERICAN REGION	Fixed Income	-45.04
Risk	GOVERNMENT BOND	Alternative	-0.57
Risk	GOVERNMENT BOND	Equity	-0.05
Risk	GOVERNMENT BOND	Fixed Income	-1248.95
Risk	GOVERNMENT BOND	Mixed Allocation	-0.06
Risk	INFLATION PROTECTED	Brazil	-0.15
Risk	INFLATION PROTECTED	Fixed Income	677.51
Risk	INFLATION PROTECTED	Mixed Allocation	-2.49
Risk	LONG SHORT	Alternative	155.50
Risk	LONG SHORT	Equity	-233.52
Risk	LONG SHORT	Fixed Income	-18.04
Risk	LONG SHORT	Mixed Allocation	-0.48
Sector	AGRICULTURE	Commodity	-12.60
Sector	AGRICULTURE	Equity	0.01
Sector	CONSUMER DISCRETIONARY	Equity	63.50
Sector	CONSUMER STAPLES	Equity	-1189.92
segment	BRIC	Equity	142.68
segment	BRIC	Fixed Income	-0.17
segment	DEVELOPED MARKETS	Equity	-590.72
segment	EMEA	Equity	-1.05
segment	EMEA	Fixed Income	-1.55
segment	EMERGING MARKETS	Equity	3591.17
segment	GCC	Equity	-1.36
segment	GCC	Fixed Income	-4.03
segment	GCC	Mixed Allocation	0.01
segment	MENA	Equity	-2.44
segment	MENA	Fixed Income	-10.02
Size	LARGE-CAP	Equity	7.83
Size	MID-CAP	Commodity	1.45
Size	MID-CAP	Equity	2650.94
Size	SMALL-CAP	Equity	2243.46

Source: Midlincoln Research

Fund Aggregates

Chart: Key Performing Fund Ideas

Source: ML

Download file in Power Point

Emerging markets fund flow showed 3591.2 USD mn of inflow. While Frontier Markets funds showed -0.1 USD mn of outflows.

BRAZIL Equity funds showed 102.6 USD mn of inflow.
BRAZIL Fixed Income funds showed -12.4 USD mn of outflow.
CHINA Equity funds showed -12.8 USD mn of outflow.
CHINA Fixed Income funds showed -70.1 USD mn of outflow.
INDIA Equity funds showed -189.4 USD mn of outflow.
INDIA Fixed Income funds showed -3.9 USD mn of outflow.
KOREA Equity funds showed 29.1 USD mn of inflow.
RUSSIA Equity funds showed 88.4 USD mn of inflow.
RUSSIA Fixed Income funds showed 20.8 USD mn of inflow.
SOUTH AFRICA Equity funds showed -20.8 USD mn of outflow.
TURKEY Equity funds showed 3.2 USD mn of inflow.

COMMUNICATIONS SECTOR Equity funds showed 71.6 USD mn of inflow.
ENERGY SECTOR Equity funds showed -129.9 USD mn of outflow.
ENERGY SECTOR Mixed Allocation funds showed -0.4 USD mn of outflow.
FINANCIAL SECTOR Equity funds showed 491.3 USD mn of inflow.
REAL ESTATE SECTOR Alternative funds showed -0.5 USD mn of outflow.
REAL ESTATE SECTOR Equity funds showed -169.6 USD mn of outflow.
TECHNOLOGY SECTOR Equity funds showed -533.4 USD mn of outflow.
UTILITIES SECTOR Equity funds showed -68.7 USD mn of outflow.

LONG SHORT Alternative funds showed 155.5 USD mn of inflow.
LONG SHORT Equity funds showed -233.5 USD mn of outflow.
LONG SHORT Fixed Income funds showed -18.0 USD mn of outflow.
LONG SHORT Mixed Allocation funds showed -0.5 USD mn of outflow.

Top 20 Funds Longs Based on Momentum

Name	1week	1month	ytd	6months	1yr	Rank
DIREXION DAILY BRAZIL BULL 3X SHARES (BRZU)	4.54	25.38	46.99	19.74	395.21	111.22
SANTANDER FIC FI VALE 3 ACOES (REALRIO)	-0.20	9.79	24.08	72.39	275.40	89.35
SAFRA VALE DO RIO DOCE FIC FIA (SAFVRDA)	-0.18	9.74	23.80	71.42	266.11	86.77
DIREXION DAILY RUSSIA BULL 3X SHARES (RUSL)	-2.30	1.24	5.05	53.55	257.48	77.49
CANADIAN LIFE COS SPLIT CORP (LFE)	5.76	9.63	13.65	117.02	141.33	68.44
DIREXION DAILY LATIN AMERICA BULL 3X SHARES (LBJ)	5.92	30.42	44.67	12.82	208.24	64.35
BB ACOES SIDERURGIA FICFI (BBACOSI)	-2.91	5.32	17.01	27.35	220.39	62.54
SANTANDER FIC FI PETROBRAS 3 ACOES (REALPET)	-1.59	-6.36	-1.00	16.38	224.51	58.24
SAFRA PETROBRAS FIC FIA (SAFPETR)	-1.56	-6.29	-1.00	16.09	221.16	57.35
FIA MERLOT (MAXPOWR)	-0.60	6.85	12.12	48.66	166.45	55.34
MAXWELL POWER (MAXPOWR)	-0.60	6.85	12.12	48.66	166.45	55.34
KAYNE ANDERSON ENERGY TOTAL RETURN FUND INC (KYE)	1.17	6.13	9.91	24.82	153.52	46.41
SPDR S&P METALS & MINING ETF (SSGG)	1.96	6.29	9.30	25.79	145.02	44.77
FINANCIAL 15 SPLIT CORP (FTN)	0.50	7.76	13.71	40.56	129.70	44.63
NEUBERGER BERMAN MLP INCOME FUND INC (XNMLX)	0.26	8.80	8.59	22.27	135.57	41.72
CANADIAN BANC CORP (BK)	1.88	6.51	12.00	38.71	118.69	41.45
KAYNE ANDERSON ENERGY TOTAL RETURN FUND INC (XKYEX)	-2.40	0.67	0.00	15.89	146.45	40.15
LIFE & BANC SPLIT CORP (LBS)	3.16	5.62	9.99	41.79	106.24	39.20
BLACKROCK WORLD MINING TRUST PLC (BRWM)	1.68	12.80	19.44	28.46	113.40	39.09
NEUBERGER BERMAN MLP INCOME FUND INC (NML)	1.54	10.18	12.88	25.27	115.06	38.01

Top 20 Funds Shorts Based on Momentum

Name	1week	1month	ytd	6months	1yr	Rank
PROSHARES ULTRASHORT MSCI BRAZIL CAPPED (BZQ)	-3.40	-16.01	-25.14	-31.39	-83.41	-33.55
VELOCITYSHARES 3X LONG NATURAL GAS ETN (UGAZ)	-0.94	-20.60	-50.81	-26.34	-39.49	-21.84
SPOTR BEAR OMXS30 (SPBEAOMX)	-3.36	-7.31	-5.83	-25.37	-47.00	-20.76
LYXOR ETF FTSE MIB DAILY DOUBLE SHORT XBEAR (XBRMIB)	1.17	5.34	3.61	-28.79	-47.14	-17.36
LYXOR ETF IBEX 35 DOBLE INVERSO DIARIO (2INVE)	0.31	1.19	-1.45	-23.75	-45.40	-16.91
ETFS DAILY SHORT COPPER (SCOP)	-5.29	-6.10	-10.13	-23.80	-30.12	-16.33
LYXOR UCITS ETF IBEX 35 INVERSO DIARIO (INVEX)	-1.30	-10.23	-10.12	-21.99	-26.54	-15.01
SIMPLEX CHINA BEAR 1X H-SHARE ETF (1573)	-4.95	-4.57	-7.04	-8.22	-31.79	-12.38
PROSHARES ULTRASHORT MSCI MEXICO CAPPED IMI (SMK)	-4.40	-21.16	-12.43	8.07	-27.28	-11.19
SIMPLEX CHINA BEAR 1X H-SHARE ETF (9D31212C)	-3.64	-4.60	-7.15	-8.69	-27.00	-10.98
INVESCO KOREAN EQUITY FUND - B INC (INVKGBB)	0.61	5.27	4.75	-20.64	-27.62	-10.60
INVESCO KOREAN EQUITY FUND - C INC (INVKGDB)	0.62	5.40	4.95	-20.10	-26.56	-10.16
LYXOR ETF FTSE MIB DAILY SHORT BEAR (BERMIB)	0.14	3.27	2.35	-17.05	-26.92	-10.14
INVESCO KOREAN EQUITY FUND - A INC (IUVD)	0.56	5.40	5.35	-20.07	-26.39	-10.13
LYXOR UCITS ETF IBEX 35 INVERSO DIARIO (INVEX)	-0.49	1.11	-0.22	-14.29	-26.20	-9.97
CHANGSHENG TELECOM INDUSTRY FUND (CHTEINF)	0.78	-3.09	-2.82	-17.41	-19.88	-9.90
COMSTAGE ETF CAC 40 SHORT GR UCITS ETF (CBCACSEU)	-1.26	2.03	0.92	-12.88	-27.35	-9.87
MIRAE ASSET TIGER CHINA CONSUMER ETF (150460)	0.26	8.66	6.00	-16.66	-21.67	-7.35
YINHUA CONSUMPTION THEME FUND (150048)	-0.70	-0.63	0.28	-8.67	-18.08	-7.02
ARISAIG AFRICA CONSUMER FUND LIMITED - GROWTH (ARIAFRI)	-0.87	-1.73	-2.82	-10.95	-11.23	-6.20

Best Fundses last Week

Name	yesterday	ytd	1week	1month	6months	1yr	Rank
SIMPLEX CHINA BULL 2X H-SHARE ETF (1572)	3.84	15.45	9.47	11.17	8.93	79.57	27.28
ISHARES MSCI PACIFIC EX JAPAN ETF (EPP)	8.89	8.89	8.89	8.89	5.11	27.92	12.70
DIREXION DAILY GOLD MINERS BULL 3X SHARES (NUGT)	3.86	68.97	8.75	35.22	-61.34	48.73	7.84
SIMPLEX CHINA BULL 2X H-SHARE ETF (9D31112C)	3.80	16.82	7.50	10.01	10.43	55.55	20.87
MARKET VECTORS JUNIOR GOLD MINERS ETF (VE42)	0.94	25.12	7.44	15.43	-13.07	104.43	28.56
ZIF BREZA INVEST DD VARAZDIN (BRINRA)	0.06	10.49	6.29	10.44	-0.54	4.73	5.23
IPATH DOW JONES-UBS COPPER SUBINDEX TOTAL RETURN ETN (JJC)	4.43	11.35	6.27	6.41	31.16	38.84	20.67
DIREXION DAILY LATIN AMERICA BULL 3X SHARES (LBJ)	6.05	44.67	5.92	30.42	12.82	208.24	64.35
CANADIAN LIFE COS SPLIT CORP (LFE)	1.84	13.65	5.76	9.63	117.02	141.33	68.44
FAIRCOURT GOLD INCOME CORP (FGX)	1.51	20.43	4.85	13.62	-10.14	55.26	15.90
ASA GOLD AND PRECIOUS METALS LTD (ASA)	1.05	21.56	4.84	11.83	-20.09	51.79	12.09
DIREXION DAILY BRAZIL BULL 3X SHARES (BRZU)	5.82	46.99	4.54	25.38	19.74	395.21	111.22
JPMORGAN INDIAN INVESTMENT TRUST PLC (JII)	1.87	13.79	4.51	10.95	-1.64	27.12	10.24
HANG SENG INVESTMENT INDEX FUNDS SERIES - H-SHARE INDEX ETF (2828)	0.68	7.98	4.39	4.77	5.86	30.03	11.26
LYXOR UCITS ETF CHINA ENTERPRISE HSCEI - USD (ASI)	0.84	7.78	4.27	4.88	5.57	35.31	12.51
SCB CHINA EQUITY THB HEDGE (SCBTCE1)	0.63	10.10	4.14	6.05	5.34	28.59	11.03
BAILLIE GIFFORD JAPAN TRUST PLC/THE (BGFD)	2.20	11.00	4.13	6.20	13.24	29.80	13.34
POWERSHARES DB BASE METALS FUND (DBB)	2.71	11.60	4.06	7.14	22.70	41.82	18.93
ETFS INDUSTRIAL METALS DJ-UBSCISM (AIGI)	2.97	9.94	4.06	5.26	19.51	36.15	16.25
ETFS LONGER DATED INDUSTRIAL METALS (FIND)	2.91	10.18	4.01	5.71	19.79	36.72	16.56

Worst Funds last Week

Name	yesterday	ytd	1week	1month	6months	1yr	Rank
ALPHA TRUST - ANDROMEDA INVESTMENT TRUST SA (ANDRO)	-0.12	2.15	-5.94	9.52	12.46	16.49	8.13
ISHARES ATX UCITS DE (ATXEX)	-0.12	2.23	-5.63	-0.67	18.99	13.71	6.60
ETFS DAILY SHORT COPPER (SCOP)	-4.31	-10.13	-5.29	-6.10	-23.80	-30.12	-16.33
SIMPLEX CHINA BEAR 1X H-SHARE ETF (1573)	0.27	-7.04	-4.95	-4.57	-8.22	-31.79	-12.38
PROSHARES ULTRASHORT MSCI MEXICO CAPPED IMI (SMK)	-4.02	-12.43	-4.40	-21.16	8.07	-27.28	-11.19
IPATH DOW JONES-UBS SUGAR SUBINDEX TOTAL RETURN ETN (SGG)	-1.84	4.36	-4.35	-0.46	0.40	50.63	11.56
EAST CAPITAL LUX - RUSSIAN FUND (EC0A)	-2.06	-0.59	-4.03	-4.69	17.40	72.34	20.26
LYXOR ETF FTSE MIB DAILY LEVERAGED (LEVMI)	-1.25	-3.87	-3.89	-5.03	16.32	17.71	6.28
EUROPE BLUE-CHIP DIVIDEND & GROWTH FUND (EBC-U)	0.65	1.56	-3.66	-1.28	4.78	36.64	9.12
SIMPLEX CHINA BEAR 1X H-SHARE ETF (9D31212C)	0.16	-7.15	-3.64	-4.60	-8.69	-27.00	-10.98
GLOBAL X FTSE GREECE 20 ETF (GREK)	2.01	-2.44	-3.55	-5.82	6.02	36.68	8.33
PROSHARES ULTRASHORT MSCI BRAZIL CAPPED (BZQ)	-4.01	-25.14	-3.40	-16.01	-31.39	-83.41	-33.55
SPOTR BEAR OMXS30 (SPBEAOMX)	-4.00	-5.83	-3.36	-7.31	-25.37	-47.00	-20.76
JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND (BTO)	-0.42	-0.55	-3.27	-0.22	36.38	80.04	28.23
TOP 20 EUROPE DIVIDEND TRUST (TTE-U)	0.32	2.48	-3.09	-0.23	4.80	33.25	8.68
LYXOR ETF IBEX 35 DOBLE APALANCADO DIARIO (IBEXA)	-1.23	2.44	-2.97	-0.40	12.44	26.76	8.96
AMUNDI ETF MSCI SPAIN UCITS ETF (CS1)	-0.93	1.40	-2.91	-0.61	4.88	13.03	3.60
DB X-TRACKERS FTSE MIB INDEX UCITS ETF DR (XMIB)	-0.68	-1.47	-2.80	-2.09	6.50	11.70	3.33
AMUNDI ETF FTSE MIB UCITS ETF (FMI)	-0.74	-1.19	-2.78	-2.08	6.53	10.74	3.10
NEXT NOTES NIKKEI TOCOM LEVERAGED CRUDE OIL ETN (2038)	3.31	-7.49	-2.65	-0.81	40.69	45.43	20.67

Best Funds last Month

Name	yesterday	ytd	1week	1month	6months	1yr	Rank
DIREXION DAILY GOLD MINERS BULL 3X SHARES (NUGT)	3.86	68.97	8.75	35.22	-61.34	48.73	7.84
DIREXION DAILY LATIN AMERICA BULL 3X SHARES (LBJ)	6.05	44.67	5.92	30.42	12.82	208.24	64.35
DIREXION DAILY BRAZIL BULL 3X SHARES (BRZU)	5.82	46.99	4.54	25.38	19.74	395.21	111.22
PROSHARES ULTRA MSCI MEXICO CAPPED IMI (UMX)	3.14	12.89	3.68	23.89	-24.95	-0.06	0.64
HSBC MSCI TURKEY UCITS ETF (H4Z2)	-0.92	7.23	-1.14	17.71	-11.67	-0.77	1.03
HSBC MSCI TURKEY UCITS ETF (HTRY)	-1.99	7.33	-1.60	16.42	-11.98	-2.03	0.20
ISHARES MSCI TURKEY UCITS ETF (IDTK)	-1.91	7.65	-1.31	15.93	-11.97	-1.84	0.20
ISHARES MSCI TURKEY ETF (ISVZ)	-1.50	6.47	-0.94	15.79	-11.27	-1.55	0.51
LYXOR ETF TURKEY EURO (TURU)	-1.93	7.34	-1.53	15.53	-11.04	-0.13	0.71
MARKET VECTORS JUNIOR GOLD MINERS ETF (VE42)	0.94	25.12	7.44	15.43	-13.07	104.43	28.56
TORTOISE ENERGY INFRASTRUCTURE CORP (TYG)	0.86	14.79	1.59	14.01	16.33	91.59	30.88
FAIRCOURT GOLD INCOME CORP (FGX)	1.51	20.43	4.85	13.62	-10.14	55.26	15.90
KAYNE ANDERSON MLP INVESTMENT CO (KYN)	-0.03	14.32	0.89	13.27	19.14	116.61	37.48
BLACKROCK WORLD MINING TRUST PLC (BRWM)	0.82	19.44	1.68	12.80	28.46	113.40	39.09
ASA GOLD AND PRECIOUS METALS LTD (ASA)	1.05	21.56	4.84	11.83	-20.09	51.79	12.09
BLACKROCK GLOBAL FUNDS - WORLD GOLD FUND - A2EUR HEDGED (H2ZG)	0.43	19.28	2.80	11.71	-20.16	38.06	8.10
CLEARBRIDGE ENERGY MLP FUND INC (CEM)	0.51	13.68	1.54	11.67	16.49	94.71	31.10
MARKET VECTORS GOLD MINERS ETF (GDX)	1.34	20.58	3.04	11.52	-18.53	47.68	10.93
SIMPLEX CHINA BULL 2X H-SHARE ETF (1572)	3.84	15.45	9.47	11.17	8.93	79.57	27.28
JPMORGAN INDIAN INVESTMENT TRUST PLC (JII)	1.87	13.79	4.51	10.95	-1.64	27.12	10.24

Worst Funds last Month

Name	yesterday	ytd	1week	1month	6months	1yr	Rank
DIREXION DAILY GOLD MINERS BULL 3X SHARES (NUGT)	3.86	68.97	8.75	35.22	-61.34	48.73	7.84
DIREXION DAILY LATIN AMERICA BULL 3X SHARES (LBJ)	6.05	44.67	5.92	30.42	12.82	208.24	64.35
DIREXION DAILY BRAZIL BULL 3X SHARES (BRZU)	5.82	46.99	4.54	25.38	19.74	395.21	111.22
PROSHARES ULTRA MSCI MEXICO CAPPED IMI (UMX)	3.14	12.89	3.68	23.89	-24.95	-0.06	0.64
HSBC MSCI TURKEY UCITS ETF (H4Z2)	-0.92	7.23	-1.14	17.71	-11.67	-0.77	1.03
HSBC MSCI TURKEY UCITS ETF (HTRY)	-1.99	7.33	-1.60	16.42	-11.98	-2.03	0.20
ISHARES MSCI TURKEY UCITS ETF (IDTK)	-1.91	7.65	-1.31	15.93	-11.97	-1.84	0.20
ISHARES MSCI TURKEY ETF (ISVZ)	-1.50	6.47	-0.94	15.79	-11.27	-1.55	0.51
LYXOR ETF TURKEY EURO (TURU)	-1.93	7.34	-1.53	15.53	-11.04	-0.13	0.71
MARKET VECTORS JUNIOR GOLD MINERS ETF (VE42)	0.94	25.12	7.44	15.43	-13.07	104.43	28.56
TORTOISE ENERGY INFRASTRUCTURE CORP (TYG)	0.86	14.79	1.59	14.01	16.33	91.59	30.88
FAIRCOURT GOLD INCOME CORP (FGX)	1.51	20.43	4.85	13.62	-10.14	55.26	15.90
KAYNE ANDERSON MLP INVESTMENT CO (KYN)	-0.03	14.32	0.89	13.27	19.14	116.61	37.48
BLACKROCK WORLD MINING TRUST PLC (BRWM)	0.82	19.44	1.68	12.80	28.46	113.40	39.09
ASA GOLD AND PRECIOUS METALS LTD (ASA)	1.05	21.56	4.84	11.83	-20.09	51.79	12.09
BLACKROCK GLOBAL FUNDS - WORLD GOLD FUND - A2EUR HEDGED (H2ZG)	0.43	19.28	2.80	11.71	-20.16	38.06	8.10
CLEARBRIDGE ENERGY MLP FUND INC (CEM)	0.51	13.68	1.54	11.67	16.49	94.71	31.10
MARKET VECTORS GOLD MINERS ETF (GDX)	1.34	20.58	3.04	11.52	-18.53	47.68	10.93
SIMPLEX CHINA BULL 2X H-SHARE ETF (1572)	3.84	15.45	9.47	11.17	8.93	79.57	27.28
JPMORGAN INDIAN INVESTMENT TRUST PLC (JII)	1.87	13.79	4.51	10.95	-1.64	27.12	10.24

Best Funds YTD

Name	yesterday	ytd	1week	1month	6months	1yr	Rank
DIREXION DAILY GOLD MINERS BULL 3X SHARES (NUGT)	3.86	68.97	8.75	35.22	-61.34	48.73	7.84
DIREXION DAILY BRAZIL BULL 3X SHARES (BRZU)	5.82	46.99	4.54	25.38	19.74	395.21	111.22
DIREXION DAILY LATIN AMERICA BULL 3X SHARES (LBJ)	6.05	44.67	5.92	30.42	12.82	208.24	64.35
JPMORGAN INDIAN INVESTMENT TRUST PLC (3J8)	1.11	31.14	3.32	10.28	-2.35	27.07	9.58
MARKET VECTORS JUNIOR GOLD MINERS ETF (VE42)	0.94	25.12	7.44	15.43	-13.07	104.43	28.56
ASA GOLD AND PRECIOUS METALS LTD (ASA)	1.05	21.56	4.84	11.83	-20.09	51.79	12.09
MARKET VECTORS GOLD MINERS ETF (GDX)	1.34	20.58	3.04	11.52	-18.53	47.68	10.93
FAIRCOURT GOLD INCOME CORP (FGX)	1.51	20.43	4.85	13.62	-10.14	55.26	15.90
BLACKROCK WORLD MINING TRUST PLC (BRWM)	0.82	19.44	1.68	12.80	28.46	113.40	39.09
BLACKROCK GLOBAL FUNDS - WORLD GOLD FUND - A2EUR HEDGED (H2ZG)	0.43	19.28	2.80	11.71	-20.16	38.06	8.10
PRECIOUS METALS & MINING TRUST (MMP-U)	0.66	18.26	3.61	10.24	-11.83	91.42	23.36
BLACKROCK GLOBAL FUNDS - WORLD MINING FUND (B92A)	1.19	17.13	-0.04	8.28	3.45	64.72	19.10
SIMPLEX CHINA BULL 2X H-SHARE ETF (9D31112C)	3.80	16.82	7.50	10.01	10.43	55.55	20.87
INVESCO FUNDS SICAV - GOLD & PRECIOUS METALS FUND - A-ACCUMULATION HKD (IVGPACH)	-1.65	16.48	3.41	10.62	-10.65	64.67	17.01
GLOBAL X FTSE ARGENTINA 20 ETF (GX0A)	0.96	16.20	1.07	10.29	16.10	61.69	22.29
LYXOR ETF BRAZIL IBOVESPA USD (LYRIO)	1.93	15.89	1.52	8.49	13.84	105.06	32.23
BNY MELLON GLOBAL FUNDS PLC - BRAZIL EQUITY FUND (HZ5R)	1.43	15.72	1.13	10.51	15.68	94.24	30.39
SIMPLEX CHINA BULL 2X H-SHARE ETF (1572)	3.84	15.45	9.47	11.17	8.93	79.57	27.28
ISHARES MSCI POLAND UCITS ETF (IPOL)	1.06	15.15	2.62	9.42	9.79	21.22	10.76
LBBW ROHSTOFFE & RESSOURCEN (OG73)	2.06	14.82	3.60	8.58	-1.56	53.35	15.99

Worst Funds YTD

Name	yesterday	ytd	1week	1month	6months	1yr	Rank
VELOCITYSHARES 3X LONG NATURAL GAS ETN (UGAZ)	-6.04	-50.81	-0.94	-20.60	-26.34	-39.49	-21.84
PROSHARES ULTRASHORT MSCI BRAZIL CAPPED (BZQ)	-4.01	-25.14	-3.40	-16.01	-31.39	-83.41	-33.55
PROSHARES ULTRASHORT MSCI MEXICO CAPPED IMI (SMK)	-4.02	-12.43	-4.40	-21.16	8.07	-27.28	-11.19
ETFS DAILY SHORT COPPER (SCOP)	-4.31	-10.13	-5.29	-6.10	-23.80	-30.12	-16.33
LYXOR UCITS ETF IBEX 35 INVERSO DIARIO (INVEX)	-0.11	-10.12	-1.30	-10.23	-21.99	-26.54	-15.01
NEXT NOTES NIKKEI TOCOM LEVERAGED CRUDE OIL ETN (2038)	3.31	-7.49	-2.65	-0.81	40.69	45.43	20.67
SIMPLEX CHINA BEAR 1X H-SHARE ETF (9D31212C)	0.16	-7.15	-3.64	-4.60	-8.69	-27.00	-10.98
SIMPLEX CHINA BEAR 1X H-SHARE ETF (1573)	0.27	-7.04	-4.95	-4.57	-8.22	-31.79	-12.38
SPOTR BEAR OMXS30 (SPBEAOMX)	-4.00	-5.83	-3.36	-7.31	-25.37	-47.00	-20.76
LYXOR ETF FTSE ATHEX 20 (GRE)	3.14	-3.94	-1.92	-5.21	3.86	35.75	8.12
LYXOR ETF FTSE MIB DAILY LEVERAGED (LEVMI)	-1.25	-3.87	-3.89	-5.03	16.32	17.71	6.28
PROSHARES ULTRA DJ-UBS CRUDE OIL (UCO)	3.83	-3.55	0.27	8.12	14.71	75.74	24.71
WTI CRUDE OIL PRICE LINKED ETF (1671)	2.02	-3.47	-1.77	0.29	9.06	41.28	12.22
WTI CRUDE OIL PRICE LINKED ETF (9D311097)	2.41	-3.22	-1.34	-0.07	9.96	44.48	13.26
VANGUARD ENERGY ETF (VDE)	1.01	-2.96	-0.34	-1.33	8.07	39.68	11.52
CHANGSHENG TELECOM INDUSTRY FUND (CHTEINF)	-0.56	-2.82	0.78	-3.09	-17.41	-19.88	-9.90
LYXOR ETF RUSSIA DOW JONES RUSSIA GDR - D HKD (RUS)	-0.60	-2.65	-1.49	-3.23	18.71	65.00	19.75
ISHARES GLOBAL ENERGY ETF (ISQQ)	1.28	-2.47	-0.73	-2.42	6.36	33.46	9.17
GLOBAL X FTSE GREECE 20 ETF (GREK)	2.01	-2.44	-3.55	-5.82	6.02	36.68	8.33
SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF (XOP)	1.38	-2.38	-0.60	-0.42	12.51	67.18	19.67

Best Funds 1yr

Name	yesterday	ytd	1week	1month	6months	1yr	Rank
DIREXION DAILY BRAZIL BULL 3X SHARES (BRZU)	5.82	46.99	4.54	25.38	19.74	395.21	111.22
DIREXION DAILY RUSSIA BULL 3X SHARES (RUSL)	2.14	5.05	-2.30	1.24	53.55	257.48	77.49
DIREXION DAILY LATIN AMERICA BULL 3X SHARES (LBJ)	6.05	44.67	5.92	30.42	12.82	208.24	64.35
KAYNE ANDERSON ENERGY TOTAL RETURN FUND INC (KYE)	1.01	9.91	1.17	6.13	24.82	153.52	46.41
SPDR S&P METALS & MINING ETF (SSGG)	0.51	9.30	1.96	6.29	25.79	145.02	44.77
CANADIAN LIFE COS SPLIT CORP (LFE)	1.84	13.65	5.76	9.63	117.02	141.33	68.44
FINANCIAL 15 SPLIT CORP (FTN)	0.90	13.71	0.50	7.76	40.56	129.70	44.63
CANADIAN BANC CORP (BK)	1.65	12.00	1.88	6.51	38.71	118.69	41.45
KAYNE ANDERSON MLP INVESTMENT CO (KYN)	-0.03	14.32	0.89	13.27	19.14	116.61	37.48
NEUBERGER BERMAN MLP INCOME FUND INC (NML)	0.29	12.88	1.54	10.18	25.27	115.06	38.01
BLACKROCK WORLD MINING TRUST PLC (BRWM)	0.82	19.44	1.68	12.80	28.46	113.40	39.09
LIFE & BANC SPLIT CORP (LBS)	1.60	9.99	3.16	5.62	41.79	106.24	39.20
NEXT FUNDS IBOVESPA LINKED EXCHANGE TRADED FUND (1325)	0.40	12.42	0.40	8.52	11.63	105.87	31.61
LYXOR ETF BRAZIL IBOVESPA USD (LYRIO)	1.93	15.89	1.52	8.49	13.84	105.06	32.23
MARKET VECTORS JUNIOR GOLD MINERS ETF (VE42)	0.94	25.12	7.44	15.43	-13.07	104.43	28.56
ISHARES MSCI BRAZIL UCITS ETF (CSBR)	1.47	14.43	1.31	8.06	11.57	100.04	30.25
ISHARES MSCI BRAZIL UCITS ETF (INC) (IBZL)	0.49	14.31	-0.26	6.31	10.95	96.75	28.44
NEXT FUNDS IBOVESPA LINKED EXCHANGE TRADED FUND (01311087)	1.18	12.75	0.37	7.77	10.43	95.61	28.55
CLEARBRIDGE ENERGY MLP FUND INC (CEM)	0.51	13.68	1.54	11.67	16.49	94.71	31.10
BNY MELLON GLOBAL FUNDS PLC - BRAZIL EQUITY FUND (HZ5R)	1.43	15.72	1.13	10.51	15.68	94.24	30.39

Worst Funds 1yr

Name	yesterday	ytd	1week	1month	6months	1yr	Rank
PROSHARES ULTRASHORT MSCI BRAZIL CAPPED (BZQ)	-4.01	-25.14	-3.40	-16.01	-31.39	-83.41	-33.55
LYXOR ETF FTSE MIB DAILY DOUBLE SHORT XBEAR (XBRMIB)	0.99	3.61	1.17	5.34	-28.79	-47.14	-17.36
SPOTR BEAR OMXS30 (SPBEAOMX)	-4.00	-5.83	-3.36	-7.31	-25.37	-47.00	-20.76
LYXOR ETF IBEX 35 DOBLE INVERSO DIARIO (2INVE)	0.90	-1.45	0.31	1.19	-23.75	-45.40	-16.91
VELOCITYSHARES 3X LONG NATURAL GAS ETN (UGAZ)	-6.04	-50.81	-0.94	-20.60	-26.34	-39.49	-21.84
SIMPLEX CHINA BEAR 1X H-SHARE ETF (1573)	0.27	-7.04	-4.95	-4.57	-8.22	-31.79	-12.38
ETFS DAILY SHORT COPPER (SCOP)	-4.31	-10.13	-5.29	-6.10	-23.80	-30.12	-16.33
INVESCO KOREAN EQUITY FUND - B INC (INVKGBB)	0.09	4.75	0.61	5.27	-20.64	-27.62	-10.60
COMSTAGE ETF CAC 40 SHORT GR UCITS ETF (CBCACSEU)	-0.16	0.92	-1.26	2.03	-12.88	-27.35	-9.87
PROSHARES ULTRASHORT MSCI MEXICO CAPPED IMI (SMK)	-4.02	-12.43	-4.40	-21.16	8.07	-27.28	-11.19
SIMPLEX CHINA BEAR 1X H-SHARE ETF (9D31212C)	0.16	-7.15	-3.64	-4.60	-8.69	-27.00	-10.98
LYXOR ETF FTSE MIB DAILY SHORT BEAR (BERMIB)	0.41	2.35	0.14	3.27	-17.05	-26.92	-10.14
INVESCO KOREAN EQUITY FUND - C INC (INVKGDB)	0.07	4.95	0.62	5.40	-20.10	-26.56	-10.16
LYXOR UCITS ETF IBEX 35 INVERSO DIARIO (INVEX)	-0.11	-10.12	-1.30	-10.23	-21.99	-26.54	-15.01
INVESCO KOREAN EQUITY FUND - A INC (IUVD)	0.39	5.35	0.56	5.40	-20.07	-26.39	-10.13
LYXOR UCITS ETF IBEX 35 INVERSO DIARIO (INVEX)	0.49	-0.22	-0.49	1.11	-14.29	-26.20	-9.97
MIRAE ASSET TIGER CHINA CONSUMER ETF (150460)	0.97	6.00	0.26	8.66	-16.66	-21.67	-7.35
CHANGSHENG TELECOM INDUSTRY FUND (CHTEINF)	-0.56	-2.82	0.78	-3.09	-17.41	-19.88	-9.90
DB X-TRACKERS II IBOXX GLOBAL INFLATION-LINKED UCITS ETF-GBP (X03E)	-0.06	5.02	1.11	5.98	-3.54	-18.51	-3.74
YINHUA CONSUMPTION THEME FUND (150048)	0.21	0.28	-0.70	-0.63	-8.67	-18.08	-7.02

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	35.31
Equity	iShares MSCI Russi a ADR/GDR UCITS ETF	31.69
Equity	JPMorgan Funds - Russia Fund is an open-end	22.45
Equity	HSBC Global Investment Funds - Russia Equity	22.09
Equity	JPMorgan Funds - Russia Fund is an open-end	22.02

Russia Outflows

assclass	profile	flow USD mln$
Equity	East Capital - Russian Fund is an open-end	-29.12
Equity	Swedbank Robur Rysslandsfonden is an open-end	-27.76
Equity	East Capital Lux - Russian Fund is an open-end	-25.89
Equity	DWS Russia is an open-end investment fund	-14.09
Equity	iShares MSCI Russia Capped ETF is an exchange-traded	-6.70

Source: MidLincoln Research

China Inflows

assclass	profile	flow USD mln$
Equity	BlackRock Global Funds - China Fund is	66.07
Equity	BlackRock Global Funds - China Fund is	65.30
Equity	BlackRock Global Funds - China Fund is	65.18
Equity	BlackRock Global Funds - China Fund is an	43.36
Equity	CSOP FTSE China A50 ETF is an exchange-traded	42.02

China Outflows

assclass	profile	flow USD mln$
Equity	Hang Seng Investment Index Funds Series -	-161.12
Equity	HSBC Global Investment Funds - Chinese	-23.65
Equity	iShares China Large-Cap ETF is an exchange-traded	-23.09
Equity	LYXOR UCITS ETF CHINA ENTERPRISE HSCEI-C-USD	-20.33
Equity	ChinaAMC ETF Series - ChinaAMC CSI 300 Index	-17.25

Source: MidLincoln Research

South Africa Inflows

assclass	profile	flow USD mln$
Equity	HSBC MSCI South Africa UCITS ETF is an exchange-traded	-0.04
Equity	NEXT FUNDS FTSE/JSE Africa Top40 Linked	-0.09
Equity	NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange	-0.09
Equity	The RBS Market Access FTSE/JSE Africa Top40	-0.20
Equity	iShares MSCI South Africa UCITS ETF is an	-0.69

South Africa Outflows

assclass	profile	flow USD mln$
Equity	iShares MSCI South Africa ETF is an exchange-traded	-15.91
Equity	The Lyxor South Africa ETF is a UCITS compliant	-1.89
Equity	The Lyxor South Africa ETF is a UCITS	-1.89
Equity	iShares MSCI South Africa UCITS ETF is an	-0.69
Equity	The RBS Market Access FTSE/JSE Africa Top40	-0.20

Source: MidLincoln Research

Korea Inflows

assclass	profile	flow USD mln$
Equity	iShares MSCI South Korea Capped ETF is an	27.39
Equity	Fidelity Funds - Korea Fund is an open-end	4.15
Equity	db x-trackers - MSCI Korea TRN Index UCITS	2.21
Equity	JPMorgan Funds - Korea Equity is an open-end	1.39
Equity	Korea Fund, Inc. is a non-diversified, closed-end	1.11

Korea Outflows

assclass	profile	flow USD mln$
Equity	JPMorgan Funds - Korea Equity is an open-end	-2.76
Equity	db x-trackers - MSCI Korea TRN Index	-1.36
Equity	INVESCO Korean Equity Fund is a UCITS certified	-1.21
Equity	Lyxor ETF MSCI Korea is a UCITS compliant	-0.78
Equity	iShares MSCI Korea UCITS ETF (Acc) is an	-0.76

Source: MidLincoln Research

India Inflows

assclass	profile	flow USD mln$
Equity	Franklin Templeton Investment Funds - Franklin	221.87
Equity	GS India Equity Portfolio is a Portfolio	24.09
Equity	iShares MSCI India ETF is an exchange-traded	14.56
Equity	AMUNDI ETF MSCI INDIA UCITS ETF is a UCITS	4.72
Equity	WisdomTree India Earnings Fund is an exchange-traded	4.72

India Outflows

assclass	profile	flow USD mln$
Equity	Aberdeen Global - India Equity Fund is	-110.39
Equity	Aberdeen Global - India Equity Fund is	-99.79
Equity	HSBC Global Investment Funds - Indian Equity	-81.16
Equity	HSBC Global Investment Funds - Indian Equity	-47.18
Equity	Aberdeen Global - India Equity Fund is a	-40.35

Source: MidLincoln Research

Turkey Inflows

assclass	profile	flow USD mln$
Equity	iShares MSCI Turkey ETF is an exchange-traded	5.46
Equity	iShares MSCI Turkey UCITS ETF is an open-end,	1.19
Equity	HSBC MSCI TURKEY UCITS ETF is an open-end,	0.25
Equity		0.17
Equity	db x-trackers MSCI Turkey Index UCITS ETF	-0.04

Turkey Outflows

assclass	profile	flow USD mln$
Equity	The Lyxor ETF Turkey (DJ Turkey Titans 20)	-3.63
Equity	The RBS Market Access Dow Jones Turkey Titans	-0.14
Equity	DJ TURKEY TITANS 20 THEAM EASY UCITS ETF	-0.07
Equity	db x-trackers MSCI Turkey Index UCITS ETF	-0.04
Equity		0.17

Source: MidLincoln Research

Brazil Inflows

assclass	profile	flow USD mln$
Equity	iShares MSCI Brazil Capped ETF is an exchange-traded	85.83
Equity	db x-trackers - MSCI Brazil TRN Index UCITS	27.08
Equity	ProShares UltraShort MSCI Brazil Capped is short	1.40
Fixed Income	DWS Brazil Bond Fund is an open-end investment	1.33
Equity	JPMorgan Funds - Brazil Equity is an open-end	1.25

Brazil Outflows

assclass	profile	flow USD mln$
Fixed Income	Santander FIC FI Renda Fixa I Credito Privado	-13.41
Equity	Lyxor ETF Brazil (IBOVESPA) EUR is an exchange	-8.16
Equity	BNY Mellon Global Funds PLC - Brazil Equity	-2.41
Equity	Handelsbanken Funds - Brazil is an open-end	-2.11
Equity	Lyxor ETF Brazil (Ibovespa) USD is an exchange	-0.81

Source: MidLincoln Research

Australia Inflows

assclass	profile	flow USD mln$
Equity	Fidelity Funds - Australia Fund is an open-end	9.13
Equity	Fidelity Funds - Australia Fund is an open-end	8.92
Equity	Fidelity Funds - Australia Fund is an open-end	2.83
Equity	The UBS (Irl) ETF Plc - MSCI Australia UCITS	1.56
Equity	Baring International Umbrella - Baring Australia	0.22

Australia Outflows

assclass	profile	flow USD mln$
Equity	iShares MSCI Australia ETF is an exchange-traded	-41.51
Fixed Income	ZKB-CIF I Australia Govt. Bond Index is	-21.30
Equity	Swisscanto AST Avant Aktien Ausland Index	-19.25
Fixed Income		-9.89
Equity	UBS (Lux) Equity Fund - Australia (AUD) is	-9.60

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

research@midlincoln.com

Chart: Key Performing Fund Ideas

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