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 $34.7 billion, translating into about 2.1% of total AUM. Tracking fund flows, the analysts highlight that with the latest streak…