GEM Outflows Hit Peak

Outflows from GEM equity funds hit a 60-week high of $1.76bn in the week ended February 10, says EPFR Global, adding that LatAm equity funds also recorded net redemptions for the third straight week that left them in negative territory year-to-date for the first time since early Q108. However, Lipper data shows that for the week ended February 11, LatAm equity funds returned 4.95%, although still down year-to-date with a drop of 8.56%, the highest of all equity funds Lipper tracks. Meanwhile, EM equity funds were up 1.33% for the week and down 5.17% ytd, and global small and mid-cap funds gained 1.14% on the week and are off 3.39% ytd.