Redemptions From European Equities Continue Unabated
Post-Brexit, European equities witnessed outflows of about 2.1% of total assets under management, and in the absence of any short-term positive indicators, analysts at HSBC don’t expect this trend to reverse anytime soon. Amit Shrivatsava and colleagues point out in their August 31 research piece titled “Fund holdings: Investors flee Europe as funds remain cautious” that international funds are cautious on Europe.
European equities witnessing 26th week of outflows
Shrivatsava and team point out that post-Brexit, European equities witnessed cumulative outflows of $34 . . .
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