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Abstract:LONDON (Reuters) – European equity funds suffered a tenth straight week of outflows at $2.9 bln, with financials leading the losses, a BofA report citing EPFR data on Friday showed.
div classBodysc17zpet90 cdBBJodivpLONDON Reuters – European equity funds suffered a tenth straight week of outflows at 2.9 bln, with financials leading the losses, a BofA report citing EPFR data on Friday showed. p
pAccording to the report, U.S. large cap stocks saw their biggest outflow since February 2018 at almost 20 billion in the week to Wednesday. pdivdivdiv classBodysc17zpet90 cdBBJodiv
pBofA said equity funds saw their largest outflow in the yeartodate at 17.5 billion. It added that over 55 billion was pulled from cash funds and 6.9 billion from credit funds.p
p
pp Reporting by Sujata Rao Writing by Dhara Ranasinghep
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