EM exodus advances as Brazilian equity funds lose cash

EM exodus advances as Brazilian equity funds lose cash

Brazilian funds posted outflows last week, echoing trends elsewhere in EM, where debt funds have suffered post-crisis outflow records Investors are pulling cash out of Brazilian equity funds, echoing trends in other emerging market asset classes such as debt funds, which have suffered post-crisis outflow records. Brazilian debt funds lost $213 million-equivalent last week, their highest outflows since October 2011, while equity funds lost $531 million, according to data from Ita├║ rel

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