FYI: Investors have yanked money from international stock funds at levels not seen since the 2008 crisis.
Mutual funds and exchange-traded funds that focus on international equities saw $4.7 billion of net outflows in September, a fourth straight month of withdrawals that brought this year’s total to $16.6 billion, according to a Morningstar report Friday. Outflows in the third quarter were the largest as a percentage of total assets since the fourth quarter of 2011, the year the European sovereign debt crisis was peaking, the investment research firm said.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1hn35hlk2th5m/Investors-Flee-International-Stock-Funds
