Exodus That Led to $100 Billion Hole Returns for European Stocks
- Region’s stock funds lose $0.8 billion in a week, BofA says
- Global risk-on mood comes stalls amid renewed trade tensions
Photographer: Siegfried Layda/Getty Images
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The exit from European stock funds has resumed, just a month after the global risk-on mood led to the biggest inflows since early 2018.
European equity funds lost $0.8 billion in the week through Nov. 20, following four weeks of inflows, according to Bank of America Corp. and EPFR Global data. And they weren’t alone, as investors also pulled money from U.S. and Japanese equity funds, with a net total of $1.5 billion leaving stock funds. Bond funds continued to attract new money.