LatAm Equity Sees More Outflows

LatAm equity funds saw $149m in outflows for the week ended May 4, according to EPFR Global. Brazil equity funds posted outflows of $38m. Mexico funds also had outflows of $51m. Colombia and Peru both saw inflows of $9m and $18m, respectively. EM funds took in $1.2 billion during the week. Performance was negative for the week, as EM funds were down 3.78% for the week ended May 5, and 0.58%% ytd, according to Lipper. LatAm funds dropped 5.00% for the week, and are down 5.78% ytd. Meanwhile, global small and mid-cap funds are down 2.87% for the week but are up 4.88% ytd.