Latin America-focused equity funds shrink to 226 from 660 peak as region lags

The halving of dedicated Latin America equity funds is a structural signal, not just a performance one: the product wrapper itself is being retired, which shrinks the pool of natural buyers and reinforces the region's liquidity discount. The shift toward hedge-fund-style trading, voiced by Landers, matters because it changes who sets prices — tactical flows rather than long-term allocators — and that tends to amplify drawdowns. The open question is whether the stalled IPO pipeline revives enough to justify rebuilding dedicated vehicles, or whether the region settles into a permanent trading-only status.