GEM Funds Lose Momentum

Outflows from GEM Equity funds were the worst in 23 weeks in the week ended January 27, while investors pulled money from LatAm equity funds at the fastest pace in 29 weeks, says EPFR Global. The fund tracker declines to disclose specific flow data. GEM equity funds had been on an 11-week inflow clip up to the previous week. Lipper data shows that for the week ended January 28, performance was also negative. LatAm funds lost 4.49% in the week and are down 9.58% ytd, making the latter the worst performer so far this year. EM funds dropped 3.81% in the week and 4.83% year-to-date, global small and mid-cap funds were down 3.09% for the week and 2.53% ytd.