LatAm Equity Funds Continue Outflows Streak

Investors yanked $450m out of LatAm equity funds in the week ended July 16, driven by redemptions from Mexico equity funds amid concerns about the US economy and oil, according to EPFR Global. “Latin America equity funds have now posted outflows for six straight weeks, their longest losing streak since late 2Q06,” says the fund flows tracker. Overall EM equity funds lost a net $1.65bn, including an $801m exodus from Asia ex-Japan equity funds. This took YTD outflows over $14bn.