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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.
Bond Funds collectively posted their second largest outflow year-to-date ahead of what is expected to be the seventh 0.25 percent rate hike in the current US tightening cycle. Emerging markets bond funds extended their longest run of outflows...
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.