GEM Equity Funds Break New Record

GEM Equity Funds Break New Record

Equity Funds

In the week ended October 20, GEM equity funds pulled in $3.76bn, posting record inflows for the second time in the past 3 weeks, says EPFR Global. LatAm funds meanwhile, have taken in fresh money for 10 straight weeks, bringing total inflows since the beginning of the year to $10.83bn. Brazil funds, which have seen inflows of $2.28bn since the beginning of September, were the most favored LatAm funds despite the increase of the IOF tax to 6.00% from 4.00%, EPFR says. Still, Lipper data show tha

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