LatAm Equity Flows Defy EM Surge

EM equity funds continued to see a positive start to 2012 after bringing in $1.84bn for the week ending January 11, though LatAm funds stumbled with $74m in outflows, according to EPFR. Performance news continued to be good, with LatAm funds up 3.94% for the week and 6.52% for the year, according to Lipper. EM funds gained 2.14% on the week and 3.87% for the year. That compares to a 2.32% gain among global small and mid-cap funds, which are up 3.65% on the year.