US-Based mostly Latin American Fairness Funds Publish Low Internet Inflows Final Week
Buyers in Latin American-based fairness mutual funds and exchange-traded funds took in a modest internet quantity of $ 10 million for the week ended March 3, however costs fell market has decreased property beneath administration, new knowledge reveals.
Contemporary capital was transferred to the 27 U.S. funds monitored by Lipper, the mutual fund monitoring service of information supplier Refinitiv, for a second week in a row. The quantity of property beneath administration (AUM) fell $ 695 million, or 6.33%, to $ 10.3 billion final week. At their peak in January 2011, these Latin American equity-focused funds held almost $ 23.5 billion.
Within the final weekly reporting interval, the benchmark MSCI Latin America inventory index fell 5.72%. The index has recovered 60.44% from the COVID-19 low of March 23, 2020, which was its lowest level in additional than 15 years. The index remains to be 25.64% beneath the pre-COVID peak in early January 2020.
In opposition to the backdrop of all U.S. mutual funds invested within the world rising market fairness house, the 725 funds tracked had inflows of $ 2.7 billion, extending a string of recent money inflows to 17 weeks. That is the longest entry interval because the begin of 2019, in response to the information. Nevertheless, the AUM fell $ 3.7 billion, or 0.65% to $ 559 billion, from a file excessive of $ 583.5 billion on the finish of February.
Rising market debt funds had a internet outflow of $ 213 million. ADM for the 271 funds tracked declined $ 849 million, or 1.25%, to $ 67.3 billion.