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Economics

U.S. Traders Bet Most in Two Years That Europe Has Bottomed Out

  • ETFs tracking region’s markets see $1.5 billion of inflows
  • Local economy is set for a turnaround as data improve

The worst is over for the European economy, according to buyers of exchange-traded funds.

Investors have poured $1.5 billion into U.S. ETFs focused on European assets in November, data compiled by Bloomberg show. That influx puts the funds on track to take in the most cash in almost two years.