German equity ETFs suffered their largest monthly outflows since August 2016 last month, as political uncertainty ahead of the country's Federal Elections on 24 September appeared to spook investors.
According to data from Lyxor Asset Management and Bloomberg, German equity ETFs saw outflows of €743m during June; a €260m increase on the previous month. The outflows are surprising considering the strong performance of European equities after Emmanuel Macron's victory in the French Presidential Election in May seemed to ease fears about political tensions across the continent. European politics: A distraction or disaster for markets? Adam Laird, head of ETF strategy, Northern Europe at Lyxor AM, commented: "This year, confidence in Europe has been growing. European equity ETFs ha...
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