French Stock ETFs See Love From Investors Pricing Out Populism
Utermann Says ‘All Hell Would Break Loose’ If Le Pen Wins
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In a show of relief that France averted the worst-case scenario for a runoff vote, U.S. investors are piling into exchange-traded funds tracking the country’s equities.
U.S.-listed French ETFs have seen inflows of $562 million in the past week, the most since Bloomberg began tracking the data in 2015. With polls signaling a victory for centrist candidate Emmanuel Macron in the final vote on May 7, investors are pricing out risks to political and economic stability from his anti-euro rival Marine Le Pen.