Investors have withdrawn $27 billion from European funds since the beginning of the year
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European funds have lost about $27 billion in 2023, investors are increasingly reconsidering their plans in favor of US funds. About it reported Bloomberg, citing Bank of America data. The trend has been holding for 16 consecutive weeks.
The trend has been holding for 16 consecutive weeks. Just last week, Europe had the largest outflow among major regions with an outcome of $4.6 billion.
Investors are favoring the US, in part because of its growing interest in the large-cap tech sector. The strength of the US economy also likely played a role amid fears of weakening global growth, writes Bloomberg.
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