LatAm Equity Flow Turns Marginally Positive

LatAm equity funds reversed a 21 week losing streak in the 7 days to November 12, taking in a net $1m, according to EPFR Global. “The recent weekly equity flows have the look of investor exhaustion with fund redemptions,” says EPFR MD Brad Durham, speaking of equity flows generally. “Perhaps it’s because there’s so little left to sell after October’s historic sell-off, which may be a hopeful sign.” By contrast, GEM funds lost $196m. LatAm equity benefited from news that Chinese demand for the region’s commodity exports could be bolstered, says EPFR. LatAm had lost $7.3bn in 20 weeks of outflows.