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. “Investors are concerned about Brexit, and they want a clear signal that Britain will remain in the EU,” said John Cridland, head of research at Morningstar.
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.