Traders Caught Wrong-Footed With Fund Flows Before ECB Meeting
- Equity funds attracted $5.9 billion in the week through Dec. 2
- European bond funds snapped three straight weeks of outflows
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Global investors flocked to stock and bond funds in the week before the European Central Bank delivered a smaller-than-expected stimulus package, spurring hundreds of millions of dollars in losses.
Equity funds attracted $5.9 billion in the week through Dec. 2, while bond funds took in $2.48 billion, according to EPFR Global, which tracks investment flows. European stock and bond funds received a combined $3.7 billion in the week.