In the week ending 25 August, investors piled back into risk-on assets, according to data from TrackInsight, despite continued tensions between North Korea and the US.
In particular, US large caps reversed two weeks of outflows recording positive flows of €3.8bn while small caps, typically viewed as a risk-on asset class, also saw inflows of €2.3bn. Tensions between Pyongyang and Washington evidently did little to ward off investors from risk assets despite US President Donald Trump warning North Korea he would retaliate with "fire and fury". Global stocks also witnessed strong inflows of €1.2bn, while in Asia emerging stocks and Asian large caps saw small inflows of €152m and €8m respectively. European large-cap ETFs was the only asset category ...
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