LatAm Equity Lags Rebound

EM equity funds had inflows of $1.48bn in the week ended October 26, though LatAm equity funds lagged, with outflows of $137m, according to EPFR. As global markets lifted on European debt agreement news, EM equity funds were up 9.66% during the week ending October 27, according to Lipper, for an 11.98% loss ytd. Similarly, LatAm funds gained 10.29% for a ytd loss of 13.50%. Global small and mid-cap funds were up 8.18%, and are down 5.82% ytd.