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Investors have completely unwound last year’s purchases of European equity exchange traded funds amid deepening gloom as to the continent’s prospects.
They pulled a net $1.7bn from European equity ETFs in November, puncturing two months of relative calm, according to data from BlackRock. The resumed selling has taken net outflows from the sector since March to a cumulative $27bn, reversing inflows of $27.2bn witnessed during 2021.
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