LatAm Equity Flows Revive

LatAm equity funds snapped a 4-week losing streak in the week ended February 24, says EPFR Global, with flows into Brazil equity funds hitting a 5-week high. Inflows to Mexican equity funds are at an 18-week high, adds the fund tracker. Meanwhile, GEM equity funds absorbed the biggest share of the $915m taken in by all dedicated EM equity funds, it adds. However, LatAm equity funds’ performance slipped 3.01% in the week ended February 25, bringing it down by 7.55% YTD, according to Lipper. EM funds were also in the red, slipping 2.45% in the week and 5.61% YTD. Global small and mid-cap funds dropped 1.14% in the week and 2.34% YTD.