markets

Outflows From Top Europe Stocks ETF Show Low Conviction

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.