Scots vote to stay in UK but investors head for exits in EU
Data from EPFR Global just released by Bank of America-Merrill Lynch, in a report entitled ´No for Europe´, shows that bond funds have seen their largest weekly redemption of this year, of $3.8bn, although equity funds witnessed $5.5bn of inflows.
European equity funds, however, saw their largest weekly redemptions in more than three years ($4.6bn). Of that amount $1bn exited from UK equity funds.
Emerging market and high-yield bond funds also registered outflows.