Outflows Continue for LatAm Equities

LatAm equities posted outflows of $97m in the week ended March 9, says EPFR Global. Within LatAm, only Mexico funds registered inflows, which amounted to $53m, the shop adds. “Flows into LatAm equity funds were negative for the eighth consecutive week,” EPFR says. “But some of the optimism about US prospects finally spilled over into Mexico equity funds which posted their biggest weekly inflow since early December,” it adds. GEM funds posted outflows of $96m. As for performance, Lipper data show that on the week ended March 10, performance was negative, with LatAm funds losing 4.28%. Year-to-date they are down 7.11%. Meanwhile, EM funds dropped 1.86% in the week and are down 4.47% ytd and global small and mid-cap funds are down 2.65% in the week and 0.01% ytd.