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Investors continued to pump money into European equity exchange traded funds in June despite volatility induced by elections in the UK and France.
US-based investors were so relaxed about the political backdrop that the net $1.3bn they sank into European equity ETFs was the highest since February 2023, according to BlackRock data.
With European investors also buying a net $910mn, June was the fourth straight $2bn-plus month for a continent whose bourses have long been out of favour.
“US investors have become even more sizeable buyers,” said Karim Chedid, head of investment strategy for iShares in the Emea region at BlackRock. “Europe has been in the headlines due to politics. We knew that the elections were going to happen in June but yet the buying continued.”
While it is still too soon to tell if European equities will…
