European equity ETFs shed €3bn in July as Brexit spooks investors

Bond ETFs enjoy inflows

Investors pulled €2.9bn from European equity ETFs in July following the UK's vote to leave the European Union, according to the latest figures from TrackInsight.

Developed Markets Europe Large Cap ETFs shed some €2.9bn over the month of July alone, in a reversal from moderate inflows of €378m in June. The latest figures mark a continuation of outflows seen for much of the year, with €8.6bn pulled from European equity ETFs over the three months to the end of May. However, June saw a brief reversal of flows, with European equity ETFs taking in €378m as investors took advantage of bargains in the stockmarket following the leave outcome of the EU referendum. European ETFs were also among the most traded products on European stock exchanges in J...