Economics
Draghi Spurs Bulls to Ditch U.S. Equities for Europe: Options
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Equity investors are switching their allegiance to Mario Draghi from Janet Yellen.
Anticipation of more stimulus from the European Central Bank triggered a record amount of money into an exchange-traded fund that tracks the region’s stocks while hedging against currency moves. The Stoxx Europe 600 Index posted its best January since 1989, while the Standard & Poor’s 500 Index had its worst month in a year, with traders pulling more money than ever before from an ETF tracking it.