Mixed Flows for LatAm Equity

LatAm equity funds eked out just $15m of inflows in the week ended November 9, with Brazilian funds losing $57m, according to EPFR. Still EM equity funds overall, booked a more impressive $2.08bn of inflows over the same period. Market performance for the asset class, however, was less than stellar. EM equity funds lost 2.84% during the week ending November 10, for 16.24% drop ytd, according to Lipper. Similarly, LatAm funds were down 2.62% on the week, for a ytd loss of 17.78%. Global small and mid-cap funds were down 0.35%, and have slipped 4.00% ytd.