FYI: European stocks may be off to a roaring start this year, but ETFs tracking them aren’t immune to the outflows that hit U.S. equity funds earlier in the quarter.
Despite an 11 percent surge for the Stoxx Europe 600 Index, exchange-traded funds targeting the region’s shares have bled more than $4 billion in 2019. Among the biggest losers: benchmark products like the $8 billion iShares Euro Stoxx 50 UCITS ETF, from which investors have pulled the equivalent of around a tenth of its assets.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-03-06/a-1-trillion-rally-is-rewarded-with-billions-of-etf-outflows?srnd=etfs
