Brexit Relief Fuels Biggest European Equity Inflows in 20 Months
- Traders put $300 million into Europe-focused stock funds: BofA
- U.K. midcap stock ETF saw record inflows amid Brexit optimism
This article is for subscribers only.
Optimism that the U.K. won’t crash out of the European Union without a deal is fueling the biggest inflows into European stocks since early 2018.
Investors put $300 million into the region’s stock funds in the week through Oct. 23, the first break from outflows in 16 weeks and the largest addition since February 2018, Bank of America Corp. said in a note, citing EPFR Global data. Since the start of the year, European equity funds have lost $103 billion.