Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | -6.90 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | 47.59 | |
| Commodities | PRECIOUS METALS | Commodity | 561.51 | |
| Commodities | PRECIOUS METALS | Mixed Allocation | -0.20 | |
| country | AUSTRALIA | Equity | 61.25 | |
| country | AUSTRALIA | Fixed Income | -1.65 | |
| country | AUSTRALIA | Mixed Allocation | 0.54 | |
| country | BRAZIL | Equity | 29.93 | |
| country | BRAZIL | Fixed Income | -6.56 | |
| country | CHINA | Equity | 5318.22 | |
| country | CHINA | Fixed Income | -80.12 | |
| country | INDIA | Equity | -53.98 | |
| country | INDIA | Fixed Income | -16.77 | |
| country | ISRAEL | Equity | -1.53 | |
| country | JAPAN | Equity | 107025.24 | |
| country | JAPAN | Fixed Income | 767.69 | |
| country | KOREA | Equity | 15.60 | |
| country | POLAND | Equity | 0.40 | |
| country | RUSSIA | Equity | 25.67 | |
| country | RUSSIA | Fixed Income | -2.16 | |
| country | SOUTH AFRICA | Equity | 1.06 | |
| country | SPAIN | Equity | 27.46 | |
| Country | TAIWAN | Equity | 8.15 | |
| country | TURKEY | Equity | -8.78 | |
| country | UNITED KINGDOM | Equity | 2.40 | |
| industry | BASIC MATERIALS SECTOR | Equity | 31.12 | |
| industry | COMMUNICATIONS SECTOR | Equity | 28.53 | |
| industry | ENERGY SECTOR | Equity | -20.67 | |
| industry | FINANCIAL SECTOR | Equity | 47.21 | |
| industry | HEALTH CARE SECTOR | Equity | 872.52 | |
| industry | INDUSTRIAL SECTOR | Equity | -6.07 | |
| industry | NATURAL RESOURCES SECTOR | Equity | -147.50 | |
| industry | REAL ESTATE SECTOR | Alternative | 0.32 | |
| industry | REAL ESTATE SECTOR | Equity | 1137.84 | |
| industry | TECHNOLOGY SECTOR | Equity | 457.68 | |
| industry | UTILITIES SECTOR | Equity | -163.71 | |
| region | AFRICAN REGION | Equity | -9.36 | |
| region | ASIAN PACIFIC REGION | Equity | 22.30 | |
| region | ASIAN PACIFIC REGION | Fixed Income | -86.00 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | -148.31 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | -147.35 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Mixed Allocation | -0.47 | |
| region | EASTERN EUROPEAN REGION | Equity | 32.55 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | -0.90 | |
| region | EUROPEAN REGION | Equity | 1672.81 | |
| region | EUROPEAN REGION | Fixed Income | -661.52 | |
| region | EUROPEAN REGION | Mixed Allocation | -0.08 | |
| region | LATIN AMERICAN REGION | Equity | -25.44 | |
| region | LATIN AMERICAN REGION | Fixed Income | 21.66 | |
| region | MIDDLE EAST REGION | Equity | 1.12 | |
| region | MIDDLE EAST REGION | Fixed Income | -1.74 | |
| region | NORDIC REGION | Equity | 13.42 | |
| region | NORTH AMERICAN REGION | Equity | -169.40 | |
| region | NORTH AMERICAN REGION | Fixed Income | -0.30 | |
| Risk | GOVERNMENT BOND | Fixed Income | 347.57 | |
| Risk | INFLATION PROTECTED | Fixed Income | -151.16 | |
| Risk | LONG SHORT | Alternative | -14.04 | |
| Risk | LONG SHORT | Equity | 10603.23 | |
| Risk | LONG SHORT | Fixed Income | 1.78 | |
| Risk | LONG SHORT | Mixed Allocation | 0.00 | |
| Sector | AGRICULTURE | Commodity | -22.17 | |
| Sector | AGRICULTURE | Equity | 0.00 | |
| Sector | CONSUMER DISCRETIONARY | Equity | 93.44 | |
| Sector | CONSUMER STAPLES | Equity | 25.05 | |
| segment | BRIC | Equity | -14.08 | |
| segment | BRIC | Fixed Income | 0.22 | |
| segment | DEVELOPED MARKETS | Equity | 219.37 | |
| segment | EMEA | Equity | -0.23 | |
| segment | EMEA | Fixed Income | 1.20 | |
| segment | EMERGING MARKETS | Equity | 638.90 | |
| segment | GCC | Equity | 0.04 | |
| segment | GCC | Fixed Income | 0.00 | |
| segment | GCC | Mixed Allocation | 0.01 | |
| segment | MENA | Equity | -2.98 | |
| segment | MENA | Fixed Income | -1.55 | |
| Size | LARGE-CAP | Equity | 10443.76 | |
| Size | MID-CAP | Commodity | -0.16 | |
| Size | MID-CAP | Equity | -299.46 | |
| Size | SMALL-CAP | Equity | -44.48 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed 638.9 USD mn of inflow. While Frontier Markets funds showed 5.9 USD mn of inflows.
BRAZIL Equity funds showed 29.9 USD mn of inflow.
BRAZIL Fixed Income funds showed -6.6 USD mn of outflow.
CHINA Equity funds showed 5318.2 USD mn of inflow.
CHINA Fixed Income funds showed -80.1 USD mn of outflow.
INDIA Equity funds showed -54.0 USD mn of outflow.
INDIA Fixed Income funds showed -16.8 USD mn of outflow.
KOREA Equity funds showed 15.6 USD mn of inflow.
RUSSIA Equity funds showed 25.7 USD mn of inflow.
RUSSIA Fixed Income funds showed -2.2 USD mn of outflow.
SOUTH AFRICA Equity funds showed 1.1 USD mn of inflow.
TURKEY Equity funds showed -8.8 USD mn of outflow.
COMMUNICATIONS SECTOR Equity funds showed 28.5 USD mn of inflow.
ENERGY SECTOR Equity funds showed -20.7 USD mn of outflow.
FINANCIAL SECTOR Equity funds showed 47.2 USD mn of inflow.
REAL ESTATE SECTOR Alternative funds showed 0.3 USD mn of inflow.
REAL ESTATE SECTOR Equity funds showed 1137.8 USD mn of inflow.
TECHNOLOGY SECTOR Equity funds showed 457.7 USD mn of inflow.
UTILITIES SECTOR Equity funds showed -163.7 USD mn of outflow.
LONG SHORT Alternative funds showed -14.0 USD mn of outflow.
LONG SHORT Equity funds showed 10603.2 USD mn of inflow.
LONG SHORT Fixed Income funds showed 1.8 USD mn of inflow.
LONG SHORT Mixed Allocation funds showed 0.0 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 | 18.44 | |
| Equity | East Capital Lux - Russian Fund is an open-end | 17.64 | |
| Equity | iShares MSCI Russi a ADR/GDR UCITS ETF | 9.97 | |
| Equity | Direxion Daily Russia Bull 3x Shares is an | 9.75 | |
| Equity | Swedbank Robur Rysslandsfonden is an open-end | 9.62 |
Russia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | LYXOR ETF RUSSIA Dow Jones Russia GDR - D | -19.82 | |
| Equity | LYXOR ETF RUSSIA (Dow Jones Russia GDR) - | -19.37 | |
| Equity | Market Vectors Russia ETF is an exchange-traded | -19.34 | |
| Equity | HSBC Global Investment Funds - Russia Equity | -8.30 | |
| Fixed Income | DWS Russia Bond Fund is a "specialized" | -2.13 |
Source: MidLincoln Research
China Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Morgan Stanley China A Share Fund is a non-diversified, | 99.99 | |
| Equity | iShares Asia Trust - iShares FTSE A50 China | 99.99 | |
| Equity | W.I.S.E. - CSI 300 China Tracker� is an index-tracking | 51.85 | |
| Equity | db x-trackers CSI300 Index UCITS ETF is a | 43.14 | |
| Equity | db x-trackers CSI300 Index UCITS ETF is an | 30.16 |
China Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Hang Seng Investment Index Funds Series - | -79.48 | |
| Equity | HSBC Global Investment Funds - Chinese | -78.52 | |
| Equity | iShares China Large-Cap ETF is an exchange-traded | -62.31 | |
| Equity | First State Global Umbrella PLC - China | -32.33 | |
| Equity | Robeco Chinese Equities is an open-end investment | -27.35 |
Source: MidLincoln Research
South Africa Inflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 1.06 | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 |
South Africa Outflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange | 1.06 |
Source: MidLincoln Research
Korea Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Korea Equity Fund, Inc. is a non-diversified, | 10.14 | |
| Equity | iShares MSCI South Korea Capped ETF is an | 2.56 | |
| Equity | JPMorgan Funds - Korea Equity is an open-end | 1.82 | |
| Equity | db x-trackers - MSCI Korea TRN Index UCITS | 1.33 | |
| Equity | Amundi Funds - Equity Korea is a SICAV | 1.13 |
Korea Outflows
| assclass | profile | flow USD mln$ | |
| Equity | WisdomTree Korea Hedged Equity Fund is an | -1.86 | |
| Equity | INVESCO Korean Equity Fund is a UCITS | -0.83 | |
| Equity | INVESCO Korean Equity Fund is a UCITS certified | -0.72 | |
| Equity | JPMorgan Funds - Korea Equity is an open-end | -0.28 | |
| Equity | Parvest Equity South Korea is an open-end | -0.20 |
Source: MidLincoln Research
India Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Morgan Stanley India Investment Fund, Inc. | 57.64 | |
| Equity | HSBC Global Investment Funds - Indian Equity | 35.47 | |
| Equity | HSBC Global Investment Funds - Indian Equity | 12.74 | |
| Equity | The Lyxor ETF MSCI India is a UCITS compliant | 10.56 | |
| Equity | GS India Equity Portfolio is a Portfolio | 8.43 |
India Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI India ETF is an exchange-traded | -59.79 | |
| Equity | Vontobel India Fund is an open-end fund | -53.53 | |
| Equity | Jupiter JGF - India Select is an open-end | -29.22 | |
| Equity | WisdomTree India Earnings Fund is an exchange-traded | -17.75 | |
| Fixed Income | K Debt Opportunities Fund Ltd is an open-end | -13.60 |
Source: MidLincoln Research
Turkey Inflows
| assclass | profile | flow USD mln$ | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | 0.04 | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | 0.03 | |
| Equity | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -8.85 |
Turkey Outflows
| assclass | profile | flow USD mln$ | |
| Equity | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -8.85 | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | 0.03 | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | 0.04 |
Source: MidLincoln Research
Brazil Inflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Brazil UCITS ETF (Dist) is an | 19.71 | |
| Equity | Lyxor ETF Brazil (Ibovespa) USD is an exchange | 16.56 | |
| Equity | AMUNDI ETF MSCI BRAZIL is an exchange-traded | 1.42 | |
| Equity | db x-trackers - MSCI Brazil TRN Index UCITS | 0.78 | |
| Equity | NEXT FUNDS Ibovespa Linked Exchange Traded | 0.74 |
Brazil Outflows
| assclass | profile | flow USD mln$ | |
| Fixed Income | DWS Brazil Bond Fund is an open-end investment | -5.96 | |
| Equity | ProShares UltraShort MSCI Brazil Capped is short | -1.96 | |
| Equity | Fonditalia - Equity Brazil (F33) is an | -1.88 | |
| Equity | Fonditalia - Equity Brazil (F33) is an | -1.87 | |
| Equity | Deutsche Invest I Brazilian Equities is an | -1.12 |
Source: MidLincoln Research
Australia Inflows
| assclass | profile | flow USD mln$ | |
| Equity | UBS (Lux) Equity Fund - Australia (AUD) is | 52.28 | |
| Equity | Candriam Equities L - Australia is a SICAV | 5.64 | |
| Equity | Candriam Equities L - Australia is a SICAV | 5.44 | |
| Equity | Baring International Umbrella - Baring Australia | 4.09 | |
| Equity | db x-trackers S&P/ASX 200 UCITS ETF (DR) | 2.15 |
Australia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Australia Equity Income Fund is an open-end | -8.08 | |
| Fixed Income | -0.95 | ||
| Fixed Income | Daiwa Bond Fund Series - Monthly Dividend | -0.69 | |
| Equity | OneAnswer Single-Asset Class - Australian | -0.66 | |
| Equity | The UBS (Irl) ETF plc - MSCI Australia 100% | -0.43 |
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