LatAm Equity Sees Outflows Despite Returns

Despite a strong performance in the week ended September 19, LatAm equity funds suffered a net outflow of 0.20%, or $73.173m, according to EPFR Global. LatAm markets returned 6.93% in the week, strongly aided by the post Fed-cut surge, according to EPFR. Lipper, the fund performance tracker, says the LatAm equity funds it follows gained 4.01% through September 20, to take them to a 30.88% YTD rise. Good news for LatAm is the fact that money flows continue to favor EM over developed regions, with GEM funds posting their biggest weekly inflows as a percentage of assets under management since the first quarter of 2006, according to EPFR. European and Japanese equity funds and US high-yield funds all saw redemptions during the period.