Europe suffers outflows across all asset classes in July

Equity investors withdrew funds to the tune of €11.6bn in July, the fifth consecutive negative month for the asset class as war in Ukraine and market turmoil continued to weigh on investor sentiment.  Europe domiciled funds shed €25.1bn over the month in total.  According to Morningstar, withdrawals reflected ongoing concerns over high inflation, spiking energy prices, rising interest rates, supply bottlenecks and the threat of recession. It follows European-domiciled funds registering their worst month on record for flows since March 2020, in June.  Global large cap growth was ...