Equity Funds Continue to Shrink

LatAm equity funds saw $1.76bn in net outflows for the week ending August 24, according to fund data firm EPFR Global. EM equity funds also continue to shrink, with $11.57bn leaving the asset class for the week. Brazil accounted for $853m of outflows and Mexico $35m. EM equity funds lost 1.44% for the week ending August 25, and are down 14.63% ytd, according to Lipper. LatAm funds shed 0.62% for the same period, and are down 16.42% ytd. This contrasts to global small and mid cap funds, which gained 0.22% but have lost 11.91% ytd.