Larger EM Flows Overshadow LatAm Equity

EM equity funds lured an impressive $5.8bn in flows during the week ending February 8, overshadowing the token $50m seen going into LatAm stocks, according to EPFR. This comes after Brasil Travel was forced to pull its IPO last week, dampening hopes of a revival in this space anytime soon. Still, according to Lipper, LatAm funds were clear outperformers with a 16.91% return during the week ending February 9, outgunning most funds in its class with exception of India region funds which leapt 25.90% during the same period. Meanwhile, EM funds gained 14.47%, while global small and mid-cap funds jumped 12.59% on the week.