Equity Fund Returns Wilt

LatAm equity funds followed the trend from last week and lost 4.02% in the week ending August 14, according to Lipper, worse than EM overall. China region funds sank 2.36% while EM funds dropped 1.94%. Gold oriented funds took the biggest hit of the week, losing 5.69%, while diversified leverage funds bagged the highest gain, at 6.26%. LatAm funds experienced a drop of 4.92% last week, and have dropped 11.68% year to date, Lipper data shows. EM equity funds have sunk 20.89% year to date.