LatAm Equities See Outflows

LatAm equity funds saw outflows of $22m on the week ended April 1, as the latest economic data from Brazil pointed to another cut in 2009 GDP growth expectations and undermined hopes of strong recovery in 2H09, EPFR Global says. Brazil equity funds saw outflows of $20m. In comparison, GEM equity funds saw $867m in inflows for the week. Despite the exodus, LatAm equity funds’ performance was positive, up 1.87% on the week ended April 2, Lipper data shows. Meanwhile, EM funds jumped 2.31% and global small and mid-cap funds were up 2.12%.