LatAm Equity Funds See Best Week Yet

LatAm equity funds saw the highest weekly inflows of the year on the week ended May 6 thanks to Brazil ETFs. Of the total $713 million that flowed into LatAm equity funds, $627m went directly to Brazil ETFs, says EPFR Global. GEM equity funds, meanwhile, saw inflows of $1.1bn. EPFR notes that the flow into EM funds continues a pattern that started in late March, with cash coming off the sidelines and bypassing funds geared to developed markets in favor of emerging markets equity.