Additionally, investors have been disappointed that the ECB has not gone far enough to include quantitative easing, similar to programs the Federal Reserve and Bank of Japan enacted.
“The economy in Europe continues to slow, deflationary forces continue to build and the ECB doesn’t seem to care,” Richard Bernstein, chief executive of Richard Bernstein Advisors, said in the article. “They’re doing so little.”
Consequently, investors pulled about $121 million out of U.S.-based European stock funds last month, the first net redemptions from the funds in 15 months. Investors funneled $3 billion into these funds over the first two quarters.
iShares MSCI EMU ETF
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