Ongoing uncertainty over Brexit caused investors to withdraw $405m from the Vanguard FTSE Europe ETF fund during August. The UK represents the fund's largest single-country stake, with the net outflows reducing the fund’s assets to $12.7bn. The UK fund market had total outflows of $3.6bn in September, the highest of any country, according to Lipper’s head of research for Europe, the Middle East and Africa, Detlef Glow.
Ongoing uncertainty over Brexit caused investors to withdraw $405m from the Vanguard FTSE Europe ETF fund during September. The UK represents the fund's largest single-country stake, with the net outflows reducing the fund’s assets to $12.7bn. The UK fund market had total outflows of $3.6bn in August, the highest of any country, according to Lipper’s head of research for Europe, the Middle East and Africa, Detlef Glow.