GEM Equity Funds Pull In $2bn

In the 7 days to October 13, GEM equity funds took in over $2bn, EPFR Global says in its weekly report. LatAm equity funds, which attracted over $500m, extended their current inflow to 9 straight weeks, driven by interest in Brazil, whose benchmark equity index has jumped over 9% since the beginning of September despite fears that stiffer capital controls may be in the works. Lipper data show that LatAm equity funds gained 4.16% in the week ended October 14, and are up 17.40% year to date. EM funds gained 2.17% in the week and 16.72% year-to-date and global small and mid cap funds gained 2.09% in the week and 14.66% year-to-date.