May 29, 2020 |
Investors in US-based Latin American-focused equity mutual and exchange traded funds broke an eleven-week streak of net outflows and saw assets under management (AUM) surge by nearly $1 billion, underpinned primarily by rising stock prices, new data showed on Thursday.
In the week ended May 27, the net inflow of $43.2 million from 25 US-based funds monitored by mutual fund tracking service Lipper, a division of Refinitiv, was compounded by a sharp increase in equity markets. Up until this latest
Lipper data shows US-based funds' AUM surge nearly $1 bln on fresh inflows and market rise