LatAm Equity Funds Eke Out Rise

LatAm equity funds registered a 1.37% increase for the week ended December 18. However, the fund is still the biggest loser of all world equity funds year-to-date, with a 57.37% drop, Lipper data shows. For the week ended December 18, EM funds are ahead by 2.75% and global small and mid cap funds are up 3.52%. Year-to-date, EM funds are down 55.10% and global small and mid cap funds are down 46.66%, according to Lipper data. Dedicated regional equity funds posted modest outflows, says EPFR Global. The fund tracker predicts record outflows in the $4.5bn-$6bn range for 2008, versus a $10.2bn inflow the previous year.