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Investors Exit European Equity Funds at Record Pace, BofA Says

  • Record $13.5 billion weekly outflows from European funds
  • Investors bought materials, gold, U.S. stocks in face of war

Investors can’t exit European stocks fast enough, with the region experiencing another week of record outflows as the war in Ukraine rages on, according to Bank of America Corp. strategists.

European equity funds lost $13.5 billion in the period to March 9, double the record set in the previous week, the strategists wrote, citing EPFR Global data.