Daily Management Review

Bloomberg: Investors took about $27B out of European funds in 2023


Experts claim that because the American economy appears to be more reliable, people now favor American funds.

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In 2023, European funds suffered a loss of around $27 billion as more and more investors changed their plans in favor of American funds, reports Bloomberg using data from Bank of America.

Investments have been steadily leaving the market for the sixteenth week in a row, with Europe being the only significant region to experience an outflow in June. Only $4.6 billion have been taken out of the European funds in the past seven days.

The preference for U.S. funds among investors is explained by economists as a result of the perception of a stronger U.S. economy amid concerns about the slowing global economy.

source: bloomberg.com