EM Equity Funds See Outflows

In the week ended November 17, GEM equity funds saw outflows of $915m and BRIC funds lost $9m, but LatAm equity funds took in $60m, according to data from EPFR Global and Itau. Meanwhile, Lipper data show that performance of EM equity funds was also negative, down 2.24% in the week ended November 18, but still up 16.01% year-to-date. LatAm funds were down 0.83% in the week, but are up 15.99% ytd and global small and mid-cap funds, down 1.24% in the week and up 16.73% ytd.