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Europe-focused equity funds experienced a significant outflow of funds, according to the latest data from Bank of America (BofA). In the week ending, these funds saw $3.14 billion in outflows, marking the first such occurrence in the previous nine weeks and the largest outflow since December 2024.
Active funds were hit the hardest, with $2.0 billion leaving these investments, the largest outflow since November 2024. Meanwhile, passive funds also experienced withdrawals amounting to $1.1 billion, the first outflow in 14 weeks and the largest since December 2024.
Despite the recent outflows, Europe-focused funds have garnered $22.7 billion in inflows year-to-date (YTD). This figure comprises a substantial $36.8 billion channeled into passive funds, overshadowing the $14.2 billion that exited active funds.
The latest weekly data also highlighted disparities among sectors and regions. Size stocks attracted $0.48 billion, and Switzerland saw an influx of $0.23 billion, standing out as the segments with the largest inflows.
Conversely, certain areas faced considerable withdrawals. The Financials sector faced the most significant outflow, with $1.25 billion leaving the sector. This was followed by the UK, which saw $0.62 billion in outflows, and Value stocks, which experienced $0.42 billion in outflows.
Notably, no sector recorded any inflows during the same period, underscoring the broad-based nature of the fund withdrawals from Europe-focused investments.
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