EM Equity Sees Positive Start to Year

In contrast to fixed-income, EM equity funds saw a comparatively positive start to 2012, bringing in some $469m for the week ending January 4. It was a different story for LatAm equity funds which suffered some mild hemorrhaging with $66m in net outflows during that period. Still, stock markets put in an impressive performance, with EM and LatAm equity funds up 1.68% and 2.49% for the week ending January 5, according to Lipper. That compares to a more modest 1.36% gain among global small and mid-cap funds.