LatAm Equity Outflows Gain Steam

LatAm equity fund outflows gained steam for the week ended March 2, according to EPFR Global, losing $203m for the week. While this was an increase on the $179m of outflows during the previous week, it is an improvement from outflows of between $300m and $400m seen 3 to 4 weeks ago, according to analysts at EPFR. Brazil equity funds saw its seventh consecutive week of outflows, according to EPFR, losing $140m. All the BRIC countries are being impacted by higher food, energy and commodities prices, EPFR adds. However, Peru equity funds stood out among the LatAm countries with inflows of $18.5m, while Mexico also had inflows of $15m. With regard to performance, LatAm funds were up 3.72% for the week to March 3. They are down 2.98% year-to-date. Meanwhile, EM funds are up 3.75% in the week and down 2.67% ytd and global small and mid-cap funds are up 3.11% in the week and up 2.72% ytd.