October 29, 2007
LatAm equity funds suffered last week as investors pulled money out of Mexi
LatAm equity funds suffered last week as investors pulled money out of Mexico focused funds because of that market's tight correlation with the US, says EPFR Global. The fund tracker adds that BRIC equity funds absorbed new money for a 9th straight week and Brazil, Russia and India dedicated funds also recorded net inflows. Global bond funds lost $933m last week, and both high yield and EM bond funds recorded outflows as investors again reassessed riskier assets in portfolios, says EPFR Global.