Midlincoln Aggregates for funds
for week ending last Friday (inclusive)
| Focus | Objective | Asset Class | Flow USD mn | |
| Commodities | INDUSTRIAL METALS | Commodity | -1.57 | |
| Commodities | PRECIOUS METAL SECTOR | Equity | -10.30 | |
| Commodities | PRECIOUS METALS | Commodity | -819.87 | |
| Commodities | PRECIOUS METALS | Mixed Allocation | -0.38 | |
| country | AUSTRALIA | Equity | 26.48 | |
| country | AUSTRALIA | Fixed Income | -4.05 | |
| country | AUSTRALIA | Mixed Allocation | -0.04 | |
| country | BRAZIL | Equity | -0.34 | |
| country | BRAZIL | Fixed Income | -1457.69 | |
| country | CHINA | Equity | 6750.61 | |
| country | CHINA | Fixed Income | -0.78 | |
| country | INDIA | Equity | -42.01 | |
| country | INDIA | Fixed Income | -2.63 | |
| country | ISRAEL | Equity | 0.07 | |
| country | JAPAN | Equity | 82910.53 | |
| country | JAPAN | Fixed Income | 1109.58 | |
| country | KOREA | Equity | 2.79 | |
| country | POLAND | Equity | 2.56 | |
| country | RUSSIA | Equity | 22.30 | |
| country | RUSSIA | Fixed Income | 1.83 | |
| country | SOUTH AFRICA | Equity | -0.16 | |
| country | SPAIN | Equity | 4.73 | |
| Country | TAIWAN | Equity | -0.90 | |
| country | TURKEY | Equity | -8.62 | |
| country | UNITED KINGDOM | Equity | 55.54 | |
| industry | BASIC MATERIALS SECTOR | Equity | -40.35 | |
| industry | COMMUNICATIONS SECTOR | Equity | 14.47 | |
| industry | ENERGY SECTOR | Equity | -159.55 | |
| industry | FINANCIAL SECTOR | Equity | 76.32 | |
| industry | HEALTH CARE SECTOR | Equity | -13.19 | |
| industry | INDUSTRIAL SECTOR | Equity | 1.64 | |
| industry | NATURAL RESOURCES SECTOR | Equity | -72.40 | |
| industry | REAL ESTATE SECTOR | Alternative | -0.32 | |
| industry | REAL ESTATE SECTOR | Equity | -83.31 | |
| industry | TECHNOLOGY SECTOR | Equity | 93.97 | |
| industry | UTILITIES SECTOR | Equity | -169.90 | |
| region | AFRICAN REGION | Equity | 24.46 | |
| region | ASIAN PACIFIC REGION | Equity | 353.23 | |
| region | ASIAN PACIFIC REGION | Fixed Income | 195.38 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Equity | 177.32 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Fixed Income | 6.43 | |
| region | ASIAN PACIFIC REGION EX JAPAN | Mixed Allocation | -2.51 | |
| region | EASTERN EUROPEAN REGION | Equity | 1.59 | |
| region | EASTERN EUROPEAN REGION | Fixed Income | 0.16 | |
| region | EUROPEAN REGION | Equity | -1118.90 | |
| region | EUROPEAN REGION | Fixed Income | -93.89 | |
| region | EUROPEAN REGION | Mixed Allocation | 0.08 | |
| region | LATIN AMERICAN REGION | Equity | -35.84 | |
| region | LATIN AMERICAN REGION | Fixed Income | -830.67 | |
| region | MIDDLE EAST REGION | Equity | 6.08 | |
| region | MIDDLE EAST REGION | Fixed Income | 0.03 | |
| region | NORDIC REGION | Equity | -2.39 | |
| region | NORTH AMERICAN REGION | Equity | -74.87 | |
| region | NORTH AMERICAN REGION | Fixed Income | -0.13 | |
| Risk | GOVERNMENT BOND | Fixed Income | -109.10 | |
| Risk | INFLATION PROTECTED | Fixed Income | 174.30 | |
| Risk | LONG SHORT | Alternative | 3.53 | |
| Risk | LONG SHORT | Equity | 22079.82 | |
| Risk | LONG SHORT | Fixed Income | 3.89 | |
| Risk | LONG SHORT | Mixed Allocation | 0.00 | |
| Sector | AGRICULTURE | Commodity | 0.24 | |
| Sector | AGRICULTURE | Equity | -0.02 | |
| Sector | CONSUMER DISCRETIONARY | Equity | 5.08 | |
| Sector | CONSUMER STAPLES | Equity | 56.96 | |
| segment | BRIC | Equity | 9.64 | |
| segment | BRIC | Fixed Income | 0.21 | |
| segment | DEVELOPED MARKETS | Equity | -92.01 | |
| segment | EMEA | Equity | 0.64 | |
| segment | EMEA | Fixed Income | 1.65 | |
| segment | EMERGING MARKETS | Equity | -56.28 | |
| segment | GCC | Equity | -1.59 | |
| segment | GCC | Fixed Income | 0.00 | |
| segment | MENA | Equity | -1.24 | |
| segment | MENA | Fixed Income | -0.58 | |
| Size | LARGE-CAP | Equity | 2242.57 | |
| Size | MID-CAP | Commodity | -0.31 | |
| Size | MID-CAP | Equity | 272.24 | |
| Size | SMALL-CAP | Equity | 56.59 |
Source: Midlincoln Research
Fund Aggregates
Emerging markets fund flow showed -56.3 USD mn of outflow.. While Frontier Markets funds showed 18.1 USD mn of inflows.
BRAZIL Equity funds showed -0.3 USD mn of outflow.
BRAZIL Fixed Income funds showed -1457.7 USD mn of outflow.
CHINA Equity funds showed 6750.6 USD mn of inflow.
CHINA Fixed Income funds showed -0.8 USD mn of outflow.
INDIA Equity funds showed -42.0 USD mn of outflow.
INDIA Fixed Income funds showed -2.6 USD mn of outflow.
KOREA Equity funds showed 2.8 USD mn of inflow.
RUSSIA Equity funds showed 22.3 USD mn of inflow.
RUSSIA Fixed Income funds showed 1.8 USD mn of inflow.
SOUTH AFRICA Equity funds showed -0.2 USD mn of outflow.
TURKEY Equity funds showed -8.6 USD mn of outflow.
COMMUNICATIONS SECTOR Equity funds showed 14.5 USD mn of inflow.
ENERGY SECTOR Equity funds showed -159.5 USD mn of outflow.
FINANCIAL SECTOR Equity funds showed 76.3 USD mn of inflow.
REAL ESTATE SECTOR Alternative funds showed -0.3 USD mn of outflow.
REAL ESTATE SECTOR Equity funds showed -83.3 USD mn of outflow.
TECHNOLOGY SECTOR Equity funds showed 94.0 USD mn of inflow.
UTILITIES SECTOR Equity funds showed -169.9 USD mn of outflow.
LONG SHORT Alternative funds showed 3.5 USD mn of inflow.
LONG SHORT Equity funds showed 22079.8 USD mn of inflow.
LONG SHORT Fixed Income funds showed 3.9 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 | LYXOR ETF RUSSIA (Dow Jones Russia GDR) - | 15.11 | |
| Equity | iShares MSCI Russi a ADR/GDR UCITS ETF | 13.91 | |
| Equity | LYXOR ETF RUSSIA Dow Jones Russia GDR - D | 9.46 | |
| Equity | Direxion Daily Russia Bull 3x Shares is an | 8.21 | |
| Equity | HSBC MSCI Russia Capped UCITS ETF $ is a | 5.02 |
Russia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Direxion Daily Russia Bear 3x Shares is an | -11.55 | |
| Equity | SEB Fund 2 - SEB Russia Fund is an FPC | -6.27 | |
| Equity | JPMorgan Funds - Russia Fund is an open-end | -5.74 | |
| Equity | JPMorgan Funds - Russia Fund is an open-end | -5.71 | |
| Equity | Swedbank Robur Rysslandsfonden is an open-end | -3.55 |
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 | HSBC Global Investment Funds - Chinese Equity | 99.99 | |
| Equity | UBS (Lux) Equity Fund - China Opportunity | 74.69 | |
| Equity | W.I.S.E. - CSI 300 China Tracker� is an index-tracking | 56.55 |
China Outflows
| assclass | profile | flow USD mln$ | |
| Equity | CSOP FTSE China A50 ETF is an exchange-traded | -99.99 | |
| Equity | Hang Seng Investment Index Funds Series - | -40.54 | |
| Equity | iShares China Large-Cap ETF is an exchange-traded | -34.24 | |
| Equity | INVESCO PRC Equity Fund is a UCITS certified | -31.41 | |
| Equity | W.I.S.E. Yuanta/P-shares CSI 300 ETF is an | -16.24 |
Source: MidLincoln Research
South Africa Inflows
| assclass | profile | flow USD mln$ | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 | |
| Equity | iShares MSCI South Africa UCITS ETF is an | -0.16 |
South Africa Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI South Africa UCITS ETF is an | -0.16 | |
| Equity | NEXT FUNDS FTSE/JSE Africa Top40 Linked | 0.00 |
Source: MidLincoln Research
Korea Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Korea Equity Fund, Inc. is a non-diversified, | 9.60 | |
| Equity | db x-trackers - MSCI Korea TRN Index UCITS | 2.86 | |
| Equity | HSBC Global Investment Funds - Korean Equity | 1.79 | |
| Equity | Lyxor ETF MSCI Korea is a UCITS compliant | 1.09 | |
| Equity | KIM Investment Funds - Korea Navigator | 0.74 |
Korea Outflows
| assclass | profile | flow USD mln$ | |
| Equity | JPMorgan Funds - Korea Equity is an open-end | -5.65 | |
| Equity | INVESCO Korean Equity Fund is a UCITS | -2.86 | |
| Equity | INVESCO Korean Equity Fund is a UCITS certified | -2.84 | |
| Equity | WisdomTree Korea Hedged Equity Fund is an | -1.03 | |
| Equity | JPMorgan Funds - Korea Equity is an open-end | -0.34 |
Source: MidLincoln Research
India Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Morgan Stanley India Investment Fund, Inc. | 54.36 | |
| Equity | HSBC Global Investment Funds - Indian Equity | 41.07 | |
| Equity | Kotak Funds - India Midcap Fund is a SICAV | 12.53 | |
| Equity | Morgan Stanley Investment Funds - Indian | 10.91 | |
| Equity | Edmond De Rothschild India is an open-end | 6.28 |
India Outflows
| assclass | profile | flow USD mln$ | |
| Equity | Jupiter JGF - India Select is an open-end | -41.50 | |
| Equity | WisdomTree India Earnings Fund is an exchange-traded | -30.66 | |
| Equity | iShares MSCI India ETF is an exchange-traded | -29.50 | |
| Equity | iShares India 50 ETF is an exchange-traded | -13.91 | |
| Equity | Comgest Growth PLC - Comgest Growth India | -13.87 |
Source: MidLincoln Research
Turkey Inflows
| assclass | profile | flow USD mln$ | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | 0.33 | |
| Equity | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | -0.01 | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | -0.26 | |
| Equity | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -8.68 |
Turkey Outflows
| assclass | profile | flow USD mln$ | |
| Equity | The Lyxor ETF Turkey (DJ Turkey Titans 20) | -8.68 | |
| Equity | iShares MSCI Turkey UCITS ETF is an open-end, | -0.26 | |
| Equity | DJ TURKEY TITANS 20 THEAM EASY UCITS ETF | -0.01 | |
| Equity | db x-trackers MSCI Turkey Index UCITS ETF | 0.33 |
Source: MidLincoln Research
Brazil Inflows
| assclass | profile | flow USD mln$ | |
| Equity | Lyxor ETF Brazil (Ibovespa) USD is an exchange | 7.34 | |
| Equity | Direxion Daily Brazil Bull 3x Shares is an | 2.46 | |
| Equity | AMUNDI ETF MSCI BRAZIL is an exchange-traded | 1.52 | |
| Fixed Income | DWS Brazil Bond Fund is an open-end investment | 0.92 | |
| Equity | Nordea 1 SICAV - Brazilian Equity Fund | 0.73 |
Brazil Outflows
| 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 | -6.94 | |
| Equity | BTG Pactual SICAV - Brazil Equity Plus | -1.47 | |
| Equity | Amundi Funds - Equity Brazil is a SICAV | -0.99 | |
| Equity | db x-trackers - MSCI Brazil TRN Index UCITS | -0.86 |
Source: MidLincoln Research
Australia Inflows
| assclass | profile | flow USD mln$ | |
| Equity | UBS (Lux) Equity Fund - Australia (AUD) is | 27.88 | |
| Equity | Candriam Equities L - Australia is a SICAV | 2.70 | |
| Equity | Baring International Umbrella - Baring Australia | 2.52 | |
| Equity | Baring International Umbrella - Baring Australia | 1.85 | |
| Equity | NESTOR Australien Fonds is an open-end investment | 0.56 |
Australia Outflows
| assclass | profile | flow USD mln$ | |
| Equity | iShares MSCI Australia UCITS ETF is an open-end, | -4.69 | |
| Fixed Income | -3.62 | ||
| Equity | Australia Equity Income Fund is an open-end | -2.55 | |
| Equity | Candriam Equities L - Australia is a SICAV | -1.59 | |
| Equity | Baring International Umbrella - Baring | -0.50 |
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