LatAm Equity Funds Take a Beating

LatAm equity funds dropped a massive 23.89% in the week ended November 20 and are now down 66.46% year to date, the worst performance of all world equity funds tracked by Lipper. By comparison, for the week, EM equity funds dropped 17.79% and global small and mid cap equity funds were down 16.17%. On average, world equity funds were down 16.27% for the week and 55.95% year to date, Lipper data shows.