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Bloomberg: Investors Withdrew $27 Billion From European Funds Due To Mistrust In Them KXan 36 Daily News

Date: June 19, 2024 Time: 14:15:22

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.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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