Funds Drain from LatAm as Performance Rises

Funds Drain from LatAm as Performance Rises

Funds

LatAm equity funds posted the best regional performance out of all the major geographical groups in the week ended June 18, with a rise of 1.75%, according to EPFR Global. But that did not stop investors from pulling $198.1m, or 0.3% of assets under management (AUM), from funds dedicated to the region. Brazil lost $65m, or 0.41% of AUM, while Mexico’s outflows were especially strong – a net drainage of $110m, or 6.5% of AUM. “We’ve noticed that investors are tending to stick to their strategies

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