Equity Investors Fleeing Wall Street Are Turning to Europe
- Year-to-date, U.S. funds see outflows, Europe sees inflows
- Plenty of reasons playing in favor of Europe as bonds rise
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Tempted in buying the dip? OK, just maybe not the one in U.S. stocks.
While Wall Street is still reeling from its first 10 percent correction in two years, U.S. equity funds continue to suffer outflows, according to Bank of America Merrill Lynch, and the money is resurfacing in Europe.