ETF Snapshot: European large-caps post outflows as Merkel coalition breaks down

Data from TrackInsight

In the week ending 17 November, European large caps was the only equity asset class to record outflows, according to data from TrackInsight, after German Chancellor Angela Merkel failed to form a coalition.

European large caps saw outflows of €591m, building on the €276m outflows the week prior, as investor jitters surrounding the German political landscape resurfaced. By only winning 33% of the vote compared to the 42% she gained in 2013, Merkel was forced into coalition talks with the FDP and the Greens, which have since fallen apart meaning Germany could once again be heading to the polls. Global stocks were the best performing equity asset class, recording €1.2bn inflows, while small caps posted inflows of €536m. Meanwhile, US large caps reversed the €1.5bn outflows seen the week ...