Cash Flees LatAm Equity Funds

Cash Flees LatAm Equity Funds

Funds

LatAm equity funds continued a 12-week losing streak last week, taking total redemptions to $4.1bn in that period, says EPFR Global. All other major EM equity funds suffered, with EMEA losing most. "Since the second week of June EPFR Global-tracked emerging market funds have surrendered a net $23.1bn," says the fund tracker. "Appetite for exposure to emerging markets has been eroded by a sharp correction in commodity prices during 3Q08, a string of downward revisions to economic growth forecasts

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