GEM Equity Hits Inflow Stride

GEM equity funds absorbed $748m in the week ended January 20, their 11th consecutive week of inflows, according to EPFR Global. The shop adds that in the same period, LatAm funds raked in $230m and Brazil equity funds drew $130m. Meanwhile, Lipper data show that performance was negative in the week ended January 21. EM equity funds lost a hefty 4.12%, LatAm funds were down 6.95% and global small and mid-cap funds lost 3.32%. Year-to-date, EM funds have lost 1.05%, LatAm funds are down 5.38% and global small and mid-cap funds shed 0.58%.