Over the past 16 weeks, these funds have seen an outflow of investments, Bloomberg writes, citing data from Bank of America Corp.
It should be noted that only in the week from June 19 to 25, the largest outflow of funds from the EU took place in the amount of $4.6 billion. According to analysts, this was because investors preferred US funds, which have great influence and weight. Also, some US investors have started dumping European stocks this year due to slowing business in the region.
