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Europe Stocks See Biggest Ever Weekly Outflow as War Intensifies

  • Region’s equities had a record $6.7 billion outflow: BofA
  • Investors should be ‘maximum defensive’ without de-escalation

The escalation of the war in Ukraine is pushing investors to exit European stocks like never before amid rising inflation risks, according to Bank of America Corp. strategists.

European equities had their largest outflows on record at $6.7 billion in the week to March 2 following Russia’s invasion of Ukraine, the strategists wrote, citing EPFR Global data. The redemptions from the region caused the first outflow in 10 weeks for global stocks to the tune of $5 billion.