Outflows From Top Europe Stocks ETF Show Low Conviction

Pedestrians walk past the Bank of Japan headquarters in Tokyo, Japan.

The biggest exchange-traded fund tracking European stocks last week saw the largest outflows in five weeks and the second-biggest since September 2016, showing a lack of conviction in the market’s recent rebound amid brewing concerns over the pace of the region’s economic growth. Investors pulled $191 million from Vanguard FTSE Europe ETF even as the Stoxx Europe 600 Index advanced for the seventh straight week.

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