Contributed to market short-termism
Biggest outflows in a year
Smart-beta ETFs in Europe have experienced record inflows in 2016 so far with assets under management (AUM) reaching $30.6bn; a 40% increase from the $21.6bn seen in 2015.
Outflows of $727m this week
Accounts for 30% of all US shares traded
Stephens to take on technical investment role
Tail risks include US election