1. Equity Fund Sector Flows
Method of Calculation

2. Equity Fund Sector Flows (New) ……………………………………………………………………………………………….
Our Sector Flows combine our Fund Flow and Sector Weightings data to track the flow of money into various sectors.
Our fund flow reports track the amount of cash flowing into and out of the thousands of investment funds we monitor world-wide.
Our sector weightings report tracks fund manager allocations at month-end across the various sectors they invest in.
By combining these two data sets, we are able to estimate the flow of cash into and out of various sectors.
Data sourced directly from managers or administrators
Value-added datasets = +
Fund Flows
Sector Allocations
Sector Flows

3. Global Industry Classification Standard (GICS)
Sector
Industry Group
Energy
Materials
Industrials
Capital Goods
Commercial & Professional Services
Transportation
Consumer Discretionary
Automobiles & Components
Consumer Durables & Apparel
Consumer Services
Media
Retailing
Consumer Staples
Food & Staples Retailing
Food, Beverage & Tobacco
Household & Personal Products
Health Care
Health Care Equipment & Services
Pharmaceuticals, Biotechnology & Life Sciences
Financials
Banks
Diversified Financials
Insurance
Real Estate
Information Technology
Software & Services
Technology Hardware & Equipment
Semiconductors & Semiconductor Equipment
Telecommunication Services
Utilities
In our database, fund sector and industry allocations are based on the Global Industry Classification Standard (GICS) sector and industry groupings developed by MSCI and S&P, which are outlined in the table on the left.

4. Example: Sector Weightings ………………………………………………..…………...
At each month-end, we use the average manager weighting (for example to Financials) for each of the fund groups that can invest in this sector.
Fund Category
Manager Simple Avg Allocation %
Global
17.66
Global ex-US
24.48
Global Emerging Markets
24.52
Asia ex-Japan Regional
35.56
Latin America Regional
20.32
EMEA Regional
19.82
MENA Regional
38.72
Europe Regional
21.19
Europe ex-UK Regional
24.45
USA
15.35
*Assumption: manager weightings from month to month do not vary significantly for the entire population of funds (individual manager weightings can certainly vary quite a bit from month to month, but all funds taken together do not show extreme changes).

5. Latest available avg Weighting % Estimated Sector Flows US$mill
Example: Sector Flows …………………………………………………….
To calculate Sector Flow for Financials, we multiply these Sector Weightings by each fund group’s net Fund Flows for the period. The resulting Sector Flow is an estimate of how much new investor money will be put to work in Financials.
Date
Asset Class
Weekly Flow US$mill
(a)
Latest available avg Weighting %
(b)
Estimated Sector Flows US$mill
(a) x (b)
11/18/2009
Global
(32.98)
17.66%
(5.82)
Global ex-US
285.65
24.48%
69.93
Global Emerging Markets
1,585
24.52%
388.64
Asia ex-Japan Regional
144.80
35.56%
51.49
Latin America Regional
168.40
20.32%
34.22
EMEA Regional
9.25
19.82%
1.83
Emerging Europe Regional Funds
19.12
27.73%
5.30
MENA Regional Funds
(5.28)
38.72%
(2.04)
Europe Regional Funds
(33.90)
21.19%
(7.18)
Europe ex-UK Regional Funds
337.89
24.45%
82.61
USA Funds
2,138.42
15.35%
328.25
Financial Sector Funds
48.37
100%
Total Estimated Flows into Financials
995.60

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