Europe Equity Funds Post Biggest Outflows Since 2009, EPFR Says
March 18, 2010, 7:32 PM EDTBy Garfield Reynolds
March 19 (Bloomberg) -- European equity funds posted net outflows of $1.06 billion in the week ended March 17, the biggest withdrawals since May 2009, amid concerns about Greece’s debt burdern, EPFR Global said today in a statement.
Emerging-market equity funds received the most funds in nine weeks while Japanese and U.S. stock funds also took in more investments, EPFR said. Emerging-market bond funds received $587 million and high-yield bond funds got $954 million.
To contact the reporter on this story: Garfield Reynolds in Sydney at greynolds1@bloomberg.net
To contact the editor responsible for this story: Victoria Richards at vrichards@bloomberg.net
