FINRA is overhauling its registration and disclosure programs, advisors aren’t worried about market volatility and how to talk to clients about betting on the World Cup.
Investors put new money into U.S. equity funds in early June, while European equity funds extend an outflow streak that has lasted since the middle of 2016, thanks to Italian elections and outflows from France, Austria and Switzerland.
With a global growth story losing some luster, investors poured $45 billion in money market funds the first week of June alone, a record not seen since 2013.
EPFR data shows European equity funds lost $2.5 billion during the last week of May as the prospect of a populist Italian government and fears of a wider economic slowdown chased investors from the market.
Elections in Italy and the ouster of the Spanish prime minister will keep these countries in the headlines, and their markets unsettled. Investors should proceed with caution.