Biggest Europe Stock ETF Had Such an Awful Year Only Once Before
- Outflows of $2.16 billion as investors flee politics, earnings
- ‘A year to forget,’ says Legal & General money manager Koch
Frankfurt stock exchange.
Photographer: Boris Roessler/DPA/Getty Images
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In the 13 years of its existence, just once has the largest European stock exchange-traded fund bled cash this badly.
The Vanguard FTSE Europe ETF has given up $2.16 billion in outflows this year, the second-worst year of redemptions since the fund’s launch in 2005. Only 2016 saw a faster exit by investors, according to data compiled by Bloomberg.