LatAm Equities See Outflows

In the week ended March 30, LatAm equities saw outflows of $80m, according to EPFR Global, the 11th consecutive week of inflows. “Sentiment towards the region’s biggest market shows some signs of thawing with Brazil equity funds posting inflows for the first time since the second week of January as evidence that fiscal discipline is beginning to have an effect brightened the outlook for interest rates,” EPFR says. Brazil equities posted inflows of $7m in the week. GEM equity funds had inflows of $1.5bn. As for performance, Lipper data shows that in the week ended March 31, LatAm equities gained 6.23%, but are still down 1.54% year-to-date. Meanwhile, EM equities gained 6.34% in the week and are up 0.33% ytd. Global small and mid-cap funds are up 4.77% in the week and 3.89% ytd.