Vanguard FTSE Europe ETF absorbed net outflows of $405m in September amid continuing political turmoil in the UK as the government wrestled with how to leave the European Union. The outflows from VGK reduced the fund’s assets to $12.7bn at the end of September, according to a Vanguard spokesman. The spokesman declined to comment on the fund’s asset flows. “While...
Ongoing uncertainty over Brexit caused investors to withdraw $405m from Lipper 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 the Vanguard FTSE Europe ETF’s head of research for Europe, the Middle East and Africa, Detlef Glow.