Top Europe Stock ETF Gets Largest Inflow Since 2017 on Stimulus
- EU recovery fund, weaker U.S. dollar are a boon to Europe
- BlackRock among investors that are overweight European stocks
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European equities, enjoying a rare streak of global outperformance, just got a strong seal of approval from the largest exchange-traded fund focused on the region.
The Vanguard FTSE Europe ETF saw inflows of $242 million in the last session for which Bloomberg has data, the biggest single-day inflow since June 2017. It’s the latest confirmation of money pouring in to back the region’s stock rally that has recouped more than half the losses seen in the aftermath of the coronavirus outbreak.