Exodus Continues for LatAm, Brazil Equity

Exodus Continues for LatAm, Brazil Equity

Funds

Equity investors continued to yank cash out of EM and LatAm, with the latter seeing a departure of $564m, or 1.13% of assets under management in the week ended July 9, according to EPFR Global. Brazil funds saw outflows of $119.5m in the same period. For both groups, last week was the third in a row with consistent outflows of over 1%, says EPFR’s Brad Durham. Foreign investors also pulled out BRL1.139bn out of the Bovespa, according to Itau, which quotes the exchange’s information. “Greater ris

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