LatAm Equity Funds Take EM Exodus Well

LatAm Equity Funds Take EM Exodus Well

Funds

Dedicated LatAm equity funds saw only a modest outflow in the week to November 28, which also saw significant losses for EM dedicated investors, according to EPFR Global. LatAm shed $36m, or 0.11% of assets under management (AUM) in the period, versus a $941m exodus for Global EM, or 0.45% of their AUM. Brazilian equity funds saw $4m in redemptions, while Mexico suffered a $68m outflow. The latter fund class has seen significant losses recently because of a closer correlation with the US market,

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