LatAm Equity Dominates Fund Attention

LatAm equity funds are the second biggest recipient of fund flows so far this year, according to EPFR. “Investors steered another $625m into these funds [last week], pushing year to date inflows over the $10bn mark, as key commodity prices remained at or near record highs,” says the fund tracker. It adds that there is a strong investor preference for the bigger emerging economies. “Between them India, China, Greater China, Russia, Brazil and Korea Country Funds absorbed a net $1.28bn and the BRIC Equity Funds took in another $394.4m,” says EPFR. EM bond funds meanwhile absorbed a net $264m during the last week of October, taking year-to-date inflows back over the $4bn mark.