LatAm Equity Takes in Fresh Money

LatAm equity funds took in $57m for the week ended April 27, according to EPFR Global. That is the first time LatAm funds took in new money since the second week of January. Brazil equity funds posted outflows of $21m, the fourteenth time in 17 weeks they have seen outflows. Mexico funds also had outflows of $3m. GEM funds took in $1.8 billion during the week and extended their current inflow streak to five consecutive weeks during late April, making it their longest since a 29 week run ended during the third week of December. Performance was negative for the week, as EM funds were down 0.21% for the week ended April 28, although they are up 3.44% ytd, according to Lipper. LatAm funds dropped 1.36% for the week, and are down 0.52% ytd. Meanwhile, global small and mid-cap funds are up 1.42% for the week and 7.96% ytd.