Hopes high for share sales in 2014 despite fund outflows

Hopes high for share sales in 2014 despite fund outflows

Equity Funds

Total equity flows into emerging markets have buoyed expectations of a pick-up in stock issuance by Latin American companies in 2014, despite outflows last month from emerging market equity funds. Investors have continued adding to their equity allocations even though global emerging market equity funds tracked by EPFR saw $15.6 billion of outflows in 2013, $4.3 billion of which exited in the two weeks to December 20, according to Barclays. This followed a bumper year for equity sales in Latin America. Data from eight major emerging markets indicated total net foreign equity inflows of $23 billion between August and December, the investment bank said. A high proportion of retail investor

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