In the week ending 1 September, European large caps recorded their second week of outflows, according to data from TrackInsight, as the euro continues to strengthen against sterling and the US dollar.
Over the past three months the euro has risen 7% to around $1.20, which has a knock-on effect on stocks in the eurozone, with the majority being exporters. As a result, European large caps saw outflows of €221m during the week ending 1 September, following the previous week's outflows of €307m. Investors also cut back on US large-cap ETFs amid continuing tensions between the US and North Korea, with outflows from this area reaching €1.3bn. Global stock ETFs were the most popular equity category, recording inflows of €1.4bn while emerging market ETFs also posted strong sales of €784...
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