Europe Stocks Draw Most Money in a Year as Investors Ditch U.S.
This article is for subscribers only.
Investors are showing up in strength to the European equity party, pulling out of the previously popular U.S. market.
Stock funds in Europe saw inflows of $1.5 billion in the past week, the most in more than a year, while investors withdrew $1.9 billion from U.S. ones, according to a note by Bank of America Merrill Lynch citing EPFR Global. The region’s shares are poised for their best March performance since 2010 amid fading concern that anti-euro candidate Marine Le Pen will prevail in France’s upcoming presidential elections.