Here’s a short article which describes the right usage of Low-e coated glasses. Towards the last sentence of the article, it has been clearly stated that these glasses are used to prevent heat loss from the building in cold climate. But still the usage of these glasses have been mis-understood and are used in hot and humid climates, believing that they reduce the overall heat entering the building. True that they block long wave infra red radiation entering the building, just like they block them from leaving the building (which is why they are mostly used in cold climate).
Read the article on low-e coated glass here.