Last week's stunning Brexit decision predictably prompted punishment for scores of Europe exchange traded funds, but that doesn't mean investors departed diversified and single-country Europe ETFs.
In fact, various data points suggest otherwise. As Benzinga reported on Monday, citing data from BlackRock, the world's largest ETF sponsor, the iShares MSCI Germany ETF (NYSE: EWG) hauled in $177 million in new assets last Friday, the day European and U.S. financial markets absorbed news of the Brexit outcome.
“ETF investors have been returning to European exposed ETFs amid the turmoil brought about by the Brexit vote. These inflows seem to have begun to turn the tide after sixteen weeks of consecutive outflows were recorded from funds exposed to European equities,” said Markit ...
/www.benzinga.com/analyst-ratings/analyst-color/16/06/8164009/its-not-all-about-departures-from-europe-etfs alt=It's Not All About Departures From Europe ETFs>Full story available on Benzinga.com
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