Flows into equity funds in 2022 are on their way to marking the worst year since 2008 among European investors, according to Morningstar data.
Equity funds shed €12bn in October, bringing net redemptions for the year to date to €47bn. Market volatility, inflationary fears, the energy crises and a potential recession kept investor sentiment depressed, Morningstar said. Morningstar: European ETFs and ETCs see €7.9bn outflows in Q3 Money market funds, by comparison, had a record-breaking October, with €146bn taken in and a monthly organic growth rate of 10.3%. This smashed the previous record of €84bn attracted back in January 2008. Among the unloved equities sector, Japan large-cap strategies suffered the most, with €2...
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