LatAm Equity Fund Outflows Continue

LatAm Equity Fund Outflows Continue

Funds

Latin America equity funds posted their seventh consecutive week of outflows in the 7-day period ended July 23, the longest downturn in over two years, says EPFR Global. Investors moved cash out of Mexico equity in the face of softer US demand for Mexican exports, reduced remittance flows from Mexicans working in the US and a recent drop in oil, says the fund tracker. LatAm equity funds meanwhile experienced drainage of $229.6m, or 0.48% of their $46.58bn assets under management (AUM). Brazil eq

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