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A Single Trade Worth $1 Billion Fueled Record Flow to Europe ETF

  • BlackRock’s EZU is outpacing the S&P 500 on recovery bets
  • ETFs focused on Europe posted best inflow since 2015 in May
Updated on

It looks like a single giant trade has just fueled the biggest ever inflow to one of BlackRock Inc.’s funds tracking European markets.

The iShares MSCI Eurozone ETF (EZU) lured about $1.1 billion of new money on Monday, boosting its assets to $8.1 billion, according to data compiled by Bloomberg. Among transactions on the day was one trade worth $977 million at around 1:17 p.m. in New York.