China Doing What Greece Didn't as Traders Give Up on Europe ETFs
- WisdomTree Europe Hedged Equity Fund sees record outflow
- Investors also pull money out of Vanguard FTSE Europe ETF
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All through the equity plunge that culminated in a bloodbath on Monday, exchange-traded funds tracking European equities held on to investments. That might be changing now.
The WisdomTree Europe Hedged Equity Fund and Vanguard FTSE Europe ETF both had their first withdrawals in months. Investors are capitulating as they start to question their bets that Europe’s stocks would rally with an economic recovery, according to Nicola Marinelli of Pentalpha Capital Ltd.