Investors Continue to Exit Equity Funds

EM Equity funds had outflows of $2.63bn in the week to September 28, while LatAm Equity funds saw outflows of $332m, according to EPFR. LatAm funds gained 3.22% during the week ending September 29, according to Lipper. However, they are still 25.10% underwater for the year. EM funds gained 1.68% in the week, for a 21.49% loss ytd. Global small and mid-cap funds by comparison gained 1.50%, and have lost 15.53% ytd.